William Blair Comments on Nayax Ltd.’s Q1 2024 Earnings (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX) – Equities researchers at William Blair raised their Q1 2024 earnings estimates for shares of Nayax in a research report issued on Tuesday, March 26th. William Blair analyst C. Kennedy now expects that the company will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.01. The consensus estimate for Nayax’s current full-year earnings is $0.08 per share.

Nayax Stock Up 0.1 %

Shares of Nayax stock opened at $26.05 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.90. The company has a 50-day moving average of $25.67 and a 200 day moving average of $22.14. The firm has a market cap of $855.74 million, a price-to-earnings ratio of -54.27 and a beta of 0.10. Nayax has a 1 year low of $16.38 and a 1 year high of $30.99.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.60 million during the quarter, compared to the consensus estimate of $67.50 million. Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%.

Institutional Trading of Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of NYAX. UBS Group AG bought a new stake in Nayax during the 3rd quarter valued at about $1,072,000. Tower Research Capital LLC TRC bought a new stake in Nayax during the 3rd quarter valued at about $47,000. Credit Suisse AG bought a new stake in Nayax during the 3rd quarter valued at about $123,000. Vanguard Group Inc. purchased a new stake in shares of Nayax during the 3rd quarter valued at about $1,107,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nayax during the 3rd quarter valued at about $237,000. 34.87% of the stock is currently owned by institutional investors.

About Nayax

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.