Nayax (NASDAQ:NYAX) Sees Strong Trading Volume - Should You Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) saw an uptick in trading volume on Tuesday . 17,269 shares traded hands during mid-day trading, an increase of 70% from the previous session's volume of 10,146 shares.The stock last traded at $44.35 and had previously closed at $47.36.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. B. Riley reissued 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. 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. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Nayax presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

Nayax Price Performance

The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 2,368.00 and a beta of 0.24. The stock has a 50-day moving average price of $44.35 and a 200 day moving average price of $38.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. Nayax had a return on equity of 0.23% and a net margin of 1.96%. As a group, equities research analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NYAX. Goldman Sachs Group Inc. grew its holdings in shares of 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 buying an additional 89,886 shares in the last quarter. Ibex Investors LLC lifted its holdings in Nayax by 19.3% in the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after purchasing an additional 67,276 shares during the last quarter. ARK Investment Management LLC acquired a new stake in Nayax in the 1st quarter worth approximately $1,906,000. JPMorgan Chase & Co. acquired a new stake in shares of Nayax in the fourth quarter worth $1,581,000. Finally, Nuveen LLC acquired a new stake in shares of Nayax in the first quarter worth $935,000. Institutional investors own 34.87% of the company's stock.

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.