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

Key Points

• Nayax Ltd. shares experienced a 58% increase in trading volume, with approximately 11,876 shares traded on Friday, raising the stock price to $45.30.
• Several analysts have recently rated Nayax, with a consensus average rating of "Hold" and a target price of $46.67, though Weiss Ratings has given it a "sell" rating.
• Institutional investors hold 34.87% of Nayax's stock, indicating significant interest, especially with firms like Bank of America and ARK Investment Management increasing their positions.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 11,876 shares were traded during trading, an increase of 58% from the previous session's volume of 7,506 shares.The stock last traded at $45.30 and had previously closed at $44.92.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NYAX shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nayax in a research report on Wednesday, October 8th. UBS Group boosted their price target on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.67.

Nayax Stock Up 1.3%

The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 77.88 and a beta of 0.21. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $47.80 and a 200 day moving average price of $44.74.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. Nayax had a return on equity of 5.32% and a net margin of 6.06%.The company had revenue of $95.59 million for the quarter, compared to analyst estimates of $99.16 million. Nayax has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently modified their holdings of NYAX. Bank of America Corp DE raised its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after buying an additional 1,353 shares during the period. ARK Investment Management LLC acquired a new position in shares of Nayax during the 1st quarter worth approximately $1,906,000. Ibex Investors LLC increased its stake in shares of Nayax by 19.3% during 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. Swiss National Bank increased its stake in shares of Nayax by 17.6% during the 1st quarter. Swiss National Bank now owns 24,871 shares of the company's stock worth $838,000 after purchasing an additional 3,714 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Nayax during the first quarter worth approximately $935,000. Institutional investors and hedge funds 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.

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