Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $45.51, but opened at $44.44. Nayax shares last traded at $44.39, with a volume of 3,614 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price objective 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. B. Riley reiterated a "buy" rating and set a $47.00 target price (up previously from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Finally, Wall Street Zen lowered Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.33.
Check Out Our Latest Report on NYAX
Nayax Price Performance
The firm has a fifty day moving average price of $39.51 and a two-hundred day moving average price of $35.55. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.63 billion, a P/E ratio of -148.16 and a beta of 0.13.
Nayax (NASDAQ:NYAX - Get Free Report) last announced 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). The firm had revenue of $81.11 million for the quarter, compared to analysts' expectations of $85.08 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. On average, analysts expect that Nayax Ltd. will post -0.16 EPS for the current year.
Institutional Investors Weigh In On Nayax
Institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd raised its holdings in Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 purchasing an additional 16,200 shares in the last quarter. Ibex Investors LLC raised its stake in shares of Nayax by 19.3% in the first 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. Goldman Sachs Group Inc. lifted its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Finally, ARK Investment Management LLC bought a new position in shares of Nayax during the first quarter valued at $1,906,000. Hedge funds and other institutional investors own 34.87% of the company's stock.
About Nayax
(
Get Free Report)
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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