Nayax Ltd. (NASDAQ:NYAX - Get Free Report) traded up 1.6% during mid-day trading on Monday . The stock traded as high as $48.34 and last traded at $47.80. 4,850 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 8,718 shares. The stock had previously closed at $47.04.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nayax in a research note on Saturday, September 27th. UBS Group lifted their price target on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nayax presently has a consensus rating of "Hold" and an average price target of $42.00.
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Nayax Trading Up 1.6%
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. The stock has a market cap of $1.69 billion, a P/E ratio of 83.86 and a beta of 0.21. The firm's fifty day moving average price is $46.85 and its two-hundred day moving average price is $43.77.
Nayax (NASDAQ:NYAX - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. The business had revenue of $95.59 million during the quarter, compared to analysts' expectations of $99.16 million. Nayax had a return on equity of 5.32% and a net margin of 6.06%. Nayax has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.
Institutional Investors Weigh In On Nayax
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of Nayax during the 2nd quarter worth $33,000. Bank of America Corp DE lifted its holdings in shares of 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 last quarter. Ascent Group LLC purchased a new position in Nayax in the second quarter worth $220,000. Finally, Bosun Asset Management LLC bought a new position in Nayax in the first quarter valued at $332,000. 34.87% of the stock is owned by hedge funds and other institutional investors.
About Nayax
(
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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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