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

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 10,820 shares traded hands during mid-day trading, an increase of 14% from the previous session's volume of 9,533 shares.The stock last traded at $45.09 and had previously closed at $44.35.

Wall Street Analyst Weigh In

NYAX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. William Blair raised shares of 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 report on Tuesday, May 13th. Keefe, Bruyette & Woods raised their price target 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. Finally, B. Riley reissued 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Nayax presently has an average rating of "Moderate Buy" and an average target price of $38.33.

Nayax Price Performance

The business's 50 day moving average price is $41.02 and its two-hundred day moving average price is $36.37. The stock has a market cap of $1.52 billion, a P/E ratio of -137.93 and a beta of 0.18. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

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

Institutional Investors Weigh In On Nayax

Several hedge funds have recently bought and sold shares of NYAX. Baillie Gifford & Co. boosted its stake 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 Nayax during the fourth quarter worth about $326,000. JPMorgan Chase & Co. bought a new stake in Nayax during the fourth quarter worth about $1,581,000. Geode Capital Management LLC boosted its stake in Nayax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after acquiring an additional 650 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after acquiring an additional 8,346 shares in the last quarter. 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.