Nayax (NASDAQ:NYAX) Shares Gap Up to $23.63

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $23.63, but opened at $24.25. Nayax shares last traded at $24.25, with a volume of 365 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group initiated coverage on Nayax in a research report on Monday, April 29th. They set a "neutral" rating and a $29.00 price target on the stock. Barclays started coverage on shares of Nayax in a research note on Wednesday. They issued an "equal weight" rating and a $27.00 price target for the company.

Nayax Trading Up 5.2 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.36. The stock has a 50-day moving average of $26.34 and a two-hundred day moving average of $23.70. The company has a market cap of $816.32 million, a P/E ratio of -54.02 and a beta of 0.10.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $67.50 million. Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. On average, equities research analysts predict that Nayax Ltd. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently made changes to their positions in NYAX. Assenagon Asset Management S.A. bought a new position in Nayax in the 3rd quarter valued at approximately $575,000. Ibex Investors LLC lifted its holdings in shares of Nayax by 0.5% during the third quarter. Ibex Investors LLC now owns 303,640 shares of the company's stock valued at $7,031,000 after purchasing an additional 1,500 shares in the last quarter. Swedbank AB purchased a new stake in shares of Nayax during the first quarter valued at $2,620,000. Hood River Capital Management LLC bought a new stake in Nayax in the 1st quarter worth about $102,000. Finally, Baillie Gifford & Co. purchased a new position in Nayax in the 1st quarter worth about $1,302,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Nayax Company Profile

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.