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

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) 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

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

Nayax Price Performance

The stock has a fifty day simple moving average of $39.95 and a 200-day simple moving average of $35.73. The company has a market capitalization of $1.59 billion, a PE ratio of -144.45 and a beta of 0.13. 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 issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $81.11 million for the quarter, compared to analysts' expectations of $85.08 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. Equities analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position 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 acquiring an additional 1,353 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth $217,000. Bosun Asset Management LLC purchased a new position in Nayax in the 1st quarter valued at $332,000. Verdence Capital Advisors LLC purchased a new position in Nayax during the 4th quarter worth $326,000. Finally, Jane Street Group LLC acquired a new stake in Nayax during the 4th quarter valued at $351,000. Hedge funds and other 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.