Nayax (NASDAQ:NYAX) Shares Gap Down - Here's What Happened

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $50.44, but opened at $47.59. Nayax shares last traded at $47.16, with a volume of 6,979 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NYAX shares. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price target on Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. Finally, B. Riley reaffirmed a "buy" rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a 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 stock. Based on data from MarketBeat.com, Nayax has a consensus rating of "Moderate Buy" and an average price target of $38.33.

Nayax Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.67 and a debt-to-equity ratio of 0.79. The company's 50-day moving average is $44.35 and its two-hundred day moving average is $38.74. The firm has a market cap of $1.57 billion, a P/E ratio of 2,368.00 and a beta of 0.24.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in shares of Nayax during the fourth quarter valued at about $217,000. Hood River Capital Management LLC grew its stake in shares of Nayax by 144.6% in 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 during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Nayax in the fourth quarter worth $1,581,000. Jane Street Group LLC purchased a new stake in Nayax during the 4th quarter valued at about $351,000. Finally, Geode Capital Management LLC boosted its position in shares of Nayax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company's stock.

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.