Nayax (NASDAQ:NYAX) Sets New 12-Month High - Here's What Happened

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $46.13 and last traded at $45.93, with a volume of 47676 shares changing hands. The stock had previously closed at $44.12.

Analyst Ratings Changes

A number of equities research analysts recently commented on NYAX shares. B. Riley reiterated a "buy" rating and issued a $47.00 price objective (up previously from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price objective on Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, May 14th. Wall Street Zen lowered Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. William Blair upgraded 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.33.

Nayax Stock Performance

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 firm has a market capitalization of $1.59 billion, a P/E ratio of -144.45 and a beta of 0.18. The stock has a fifty day moving average of $40.10 and a 200-day moving average of $35.95.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in Nayax by 2.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after purchasing an additional 16,200 shares during the last quarter. Ibex Investors LLC boosted its position in Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock valued at $14,039,000 after purchasing an additional 67,276 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 valued at $9,966,000 after purchasing an additional 89,886 shares during the last quarter. ARK Investment Management LLC acquired a new position in Nayax during the first quarter valued at approximately $1,906,000. Finally, JPMorgan Chase & Co. acquired a new position in Nayax during the fourth quarter valued at approximately $1,581,000. 34.87% of the stock is currently owned by 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.