Nayax (NASDAQ:NYAX) Shares Gap Up - Should You Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $50.27, but opened at $52.46. Nayax shares last traded at $52.32, with a volume of 6,182 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on NYAX. Wall Street Zen cut Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted 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. B. Riley reissued a "buy" rating and issued a $47.00 price objective (up from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.33.

Nayax Trading Down 0.7%

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 firm has a market capitalization of $1.82 billion, a PE ratio of 285.46 and a beta of 0.24. The business has a fifty day moving average price of $43.65 and a two-hundred day moving average price of $38.05.

Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Nayax had a return on equity of 0.23% and a net margin of 1.96%. The business had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. Analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of Nayax by 920.4% in the fourth 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 last quarter. Citadel Advisors LLC purchased a new position in Nayax during the fourth quarter worth $217,000. Verdence Capital Advisors LLC acquired a new position in shares of Nayax in the fourth quarter worth $326,000. Bosun Asset Management LLC purchased a new stake in shares of Nayax in the first quarter valued at $332,000. Finally, Jane Street Group LLC acquired a new stake in shares of Nayax during the fourth quarter valued at $351,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.