Nayax (NASDAQ:NYAX) Hits New 1-Year High - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $42.12 and last traded at $41.58, with a volume of 3132 shares traded. The stock had previously closed at $41.99.

Wall Street Analyst Weigh In

NYAX has been the subject of several research analyst reports. B. Riley restated a "buy" rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Nayax Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The business has a 50-day moving average of $36.70 and a 200-day moving average of $33.40. The company has a market capitalization of $1.50 billion, a P/E ratio of -136.77 and a beta of 0.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Bank of America Corp DE lifted its holdings in shares of Nayax by 920.4% in 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. Barclays PLC raised its holdings in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after acquiring an additional 2,266 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Nayax in the fourth quarter worth about $217,000. Verdence Capital Advisors LLC bought a new position in Nayax during the 4th quarter worth about $326,000. Finally, Jane Street Group LLC purchased a new position in Nayax during the 4th quarter valued at about $351,000. 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.