Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares saw an uptick in trading volume on Tuesday . 17,269 shares were traded 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.

Analyst Upgrades and Downgrades

NYAX has been the topic of a number of research reports. William Blair upgraded Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday. Wall Street Zen downgraded shares of Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Finally, B. Riley reissued a "buy" rating and issued a $47.00 target price (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Nayax currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.67.

Nayax Stock Down 0.0%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.67 and a current ratio of 1.76. The business has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $39.03. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 242.18 and a beta of 0.24.

Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $81.11 million for 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%. On average, equities analysts expect that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Trading of Nayax

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares during the period. Ibex Investors LLC lifted its stake in shares of Nayax by 19.3% in the 1st 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. ARK Investment Management LLC purchased a new position in shares of Nayax during the 1st quarter worth $1,906,000. JPMorgan Chase & Co. purchased a new position in shares of Nayax during the 4th quarter worth $1,581,000. Finally, Nuveen LLC acquired a new stake in shares of Nayax during the 1st quarter worth about $935,000. Hedge funds and other 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.