Nayax (NASDAQ:NYAX) Shares Gap Down – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) gapped down before the market opened on Monday . The stock had previously closed at $65.26, but opened at $62.65. Nayax shares last traded at $62.64, with a volume of 12,492 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NYAX. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods raised their price target on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Finally, William Blair reissued an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.67.

Nayax Trading Up 3.3%

The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $57.59 and a 200-day moving average price of $51.83. The firm has a market capitalization of $2.34 billion, a PE ratio of 67.42 and a beta of 0.10.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $119.45 million during the quarter, compared to analysts’ expectations of $120.13 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%. Analysts expect that Nayax Ltd. will post 0.84 earnings per share for the current year.

Institutional Trading of Nayax

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Nayax in the 2nd quarter valued at approximately $33,000. Bank of America Corp DE lifted its holdings 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 buying an additional 1,353 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax in the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Nayax in the 3rd quarter valued at approximately $128,000. 34.87% of the stock is owned by institutional investors and hedge funds.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.