Nayax (NASDAQ:NYAX) Sees Large Volume Increase - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) saw strong trading volume on Monday . 13,592 shares changed hands during trading, an increase of 45% from the previous session's volume of 9,383 shares.The stock last traded at $44.36 and had previously closed at $42.76.

Analyst Upgrades and Downgrades

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

Nayax Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.59 billion, a PE ratio of -144.83 and a beta of 0.18. The business has a fifty day moving average price of $41.25 and a 200-day moving average price of $36.58.

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

Institutional Investors Weigh In On Nayax

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in Nayax in the fourth quarter valued at approximately $217,000. Hood River Capital Management LLC raised its holdings in Nayax by 144.6% during the 4th 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 during the last quarter. JPMorgan Chase & Co. purchased a new stake in Nayax during the 4th quarter valued at $1,581,000. Jane Street Group LLC bought a new stake in Nayax in the 4th quarter worth $351,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Nayax in the fourth quarter valued at about $326,000. 34.87% of the stock is currently owned by hedge funds and other 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.