Nayax (NASDAQ:NYAX) Shares Gap Up to $24.96

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $24.96, but opened at $25.80. Nayax shares last traded at $25.80, with a volume of 162 shares.

Nayax Stock Up 2.6 %

The stock has a 50-day moving average price of $26.30 and a 200-day moving average price of $22.62. The company has a market capitalization of $840.96 million, a P/E ratio of -53.33 and a beta of 0.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.90.

Nayax (NASDAQ:NYAX - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. On average, research analysts predict that Nayax Ltd. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NYAX. Barclays PLC lifted its holdings in shares of Nayax by 873.7% in the second quarter. Barclays PLC now owns 1,480 shares of the company's stock valued at $28,000 after purchasing an additional 1,328 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Nayax during the third quarter worth $575,000. Finally, Ibex Investors LLC lifted its holdings in Nayax by 0.5% during the third quarter. Ibex Investors LLC now owns 303,640 shares of the company's stock worth $7,031,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 34.87% of the company's stock.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.