Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume – Here’s Why

Shares of Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Thursday . Approximately 15,549 shares were traded during trading, an increase of 47% from the previous session’s volume of 10,557 shares.The stock last traded at $40.2450 and had previously closed at $42.56.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NYAX. UBS Group lifted their price target on Nayax from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nayax currently has a consensus rating of “Hold” and an average price target of $46.67.

Nayax Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.44 billion, a PE ratio of 71.02 and a beta of 0.20. The stock has a 50 day moving average price of $46.70 and a two-hundred day moving average price of $45.23.

Nayax (NASDAQ:NYAX) last released its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. Nayax had a net margin of 6.06% and a return on equity of 5.32%. The company had revenue of $95.59 million during the quarter, compared to analysts’ expectations of $99.16 million. Nayax has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of Nayax in the second quarter worth about $33,000. Bank of America Corp DE raised its stake 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 worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Ascent Group LLC purchased a new position in shares of Nayax in the second quarter worth about $220,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Nayax during the second quarter worth about $340,000. 34.87% of the stock is 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.