Nayax (NASDAQ:NYAX) Sets New 1-Year High - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $43.33 and last traded at $42.75, with a volume of 40483 shares. The stock had previously closed at $40.75.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NYAX shares. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. B. Riley restated a "buy" rating and set a $47.00 price target (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Nayax from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nayax has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Nayax Stock Down 0.2%

The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.58 billion, a PE ratio of -143.87 and a beta of 0.13. The business's 50 day simple moving average is $38.90 and its 200 day simple moving average is $35.15.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. As a group, analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Trading of Nayax

A number of hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd increased its holdings in Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after buying an additional 354,350 shares during the last quarter. Swedbank AB increased its position in Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after acquiring an additional 92,441 shares during the period. Goldman Sachs Group Inc. increased its position in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares during the period. Ibex Investors LLC boosted its stake in Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares in the last quarter. Finally, ARK Investment Management LLC acquired a new stake in Nayax during the first quarter worth $1,906,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.