Nayax (NASDAQ:NYAX) Shares Gap Down - Time to Sell?

Key Points

• Nayax Ltd. (NASDAQ:NYAX) experienced a gap down in share price from $50.75 to an opening of $48.26, trading last at $48.02 with a volume of 4,185 shares.
• Analyst ratings indicate a mixed outlook, with a consensus price target of $42.00 and ratings ranging from "buy" to "hold" among seven analysts.
• The company recently reported an EPS of $0.16 for the quarter, exceeding estimates, yet fell short on revenue expectations with $95.59 million reported against an anticipated $99.16 million.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $50.75, but opened at $48.26. Nayax shares last traded at $48.02, with a volume of 4,185 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group upped their price target on Nayax from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen cut shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Nayax has a consensus rating of "Hold" and an average target price of $42.00.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.68. The business's fifty day simple moving average is $46.37 and its 200 day simple moving average is $42.72. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 183.04 and a beta of 0.23.

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

Institutional Investors Weigh In On Nayax

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in shares of Nayax during the fourth quarter valued at approximately $217,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nayax by 2.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock worth $22,415,000 after buying an additional 16,200 shares in the last quarter. ARK Investment Management LLC acquired a new stake in shares of Nayax in the first quarter valued at $1,906,000. Nuveen LLC acquired a new position in Nayax during the first quarter worth about $935,000. Finally, Bosun Asset Management LLC bought a new stake in Nayax in the first quarter worth about $332,000. 34.87% of the stock is currently owned by institutional investors.

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.