Nayax (NASDAQ:NYAX) Shares Gap Up - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $40.75, but opened at $42.91. Nayax shares last traded at $43.35, with a volume of 5,300 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NYAX shares. Wall Street Zen raised shares of Nayax from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. B. Riley reiterated a "buy" rating and issued a $47.00 price target (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods increased their price target 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. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nayax currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -143.17 and a beta of 0.13. The stock's 50 day simple moving average is $38.71 and its 200-day simple moving average is $35.04.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 EPS 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 analyst estimates 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 fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Citadel Advisors LLC bought a new stake in shares of Nayax during the 4th quarter valued at approximately $217,000. Verdence Capital Advisors LLC acquired a new stake in Nayax during the 4th quarter worth approximately $326,000. Bosun Asset Management LLC acquired a new position in shares of Nayax in the 1st quarter worth approximately $332,000. Finally, Jane Street Group LLC acquired a new position in shares of Nayax in the 4th quarter worth approximately $351,000. 34.87% of the stock is owned by institutional investors.

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.