Nayax (NASDAQ:NYAX) Sees Large Volume Increase

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares saw an uptick in trading volume on Tuesday . 13,762 shares changed hands during mid-day trading, an increase of 41% from the previous session's volume of 9,766 shares.The stock last traded at $26.50 and had previously closed at $26.07.

Analysts Set New Price Targets

Separately, UBS Group assumed coverage on shares of Nayax in a research note on Monday. They issued a "neutral" rating and a $29.00 price objective on the stock.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.00. The company's 50 day moving average price is $26.27 and its 200 day moving average price is $22.78. The company has a market cap of $852.46 million, a price-to-earnings ratio of -54.75 and a beta of 0.08.

Nayax (NASDAQ:NYAX - Get Free Report) last issued 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 net margin of 6.75% and a negative return on equity of 15.96%. The firm had revenue of $66.60 million during the quarter, compared to analyst estimates of $67.50 million. On average, equities research analysts predict that Nayax Ltd. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in Nayax during the 3rd quarter worth about $575,000. Ibex Investors LLC raised its holdings in Nayax by 0.5% during the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company's stock worth $7,031,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Nayax during the 1st quarter worth about $9,170,000. 34.87% of the stock is owned by institutional investors.

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.