Nayax (NASDAQ:NYAX) Sets New 52-Week High - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.84 and last traded at $49.09, with a volume of 9448 shares. The stock had previously closed at $46.64.

Wall Street Analysts Forecast Growth

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

Nayax Stock Down 0.2%

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 company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 272.77 and a beta of 0.18. The stock's fifty day simple moving average is $42.49 and its two-hundred day simple moving average is $37.28.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Nayax had a net margin of 1.96% and a return on equity of 0.23%. The business had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. On average, sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Bosun Asset Management LLC purchased a new stake in Nayax during the first quarter valued at about $332,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Nayax by 2.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after buying an additional 16,200 shares in the last quarter. Nuveen LLC purchased a new stake in Nayax during the first quarter valued at about $935,000. Finally, Swiss National Bank lifted its stake in Nayax by 17.6% during the first quarter. Swiss National Bank now owns 24,871 shares of the company's stock valued at $838,000 after buying an additional 3,714 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.