Nayax (NASDAQ:NYAX) Sets New 52-Week High - Still a Buy?

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

Wall Street Analyst Weigh In

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

Nayax Trading Down 0.2%

The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The company has a 50-day simple moving average of $39.10 and a 200 day simple moving average of $35.37. The firm has a market cap of $1.58 billion, a PE ratio of -143.87 and a beta of 0.13.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after buying an additional 1,353 shares during the period. Citadel Advisors LLC acquired a new position in shares of Nayax during the 4th quarter worth approximately $217,000. Bosun Asset Management LLC acquired a new position in shares of Nayax during the 1st quarter worth approximately $332,000. Verdence Capital Advisors LLC acquired a new position in shares of Nayax during the 4th quarter worth approximately $326,000. Finally, Jane Street Group LLC acquired a new position in shares of Nayax during the 4th quarter worth approximately $351,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.