Nayax (NASDAQ:NYAX) Hits New 1-Year High - Here's Why

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price reached a new 52-week high 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

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and issued a $47.00 price objective (up previously from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their price objective on Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

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 stock has a 50-day moving average price of $39.95 and a 200 day moving average price of $35.73. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -144.45 and a beta of 0.18.

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%. As a group, analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its holdings in Nayax by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock worth $1,517,000 after acquiring an additional 1,161 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Nayax during the 4th quarter worth approximately $326,000. JPMorgan Chase & Co. acquired a new stake in shares of Nayax in the 4th quarter valued at approximately $1,581,000. Geode Capital Management LLC grew its stake in shares of Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after buying an additional 650 shares in the last quarter. Finally, Hood River Capital Management LLC grew its stake in shares of Nayax by 144.6% in the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after buying an additional 8,346 shares in the last quarter. 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.