Nayax (NASDAQ:NYAX) Sees Strong Trading Volume

Nayax Ltd. (NASDAQ:NYAX) saw unusually-strong trading volume on Tuesday . Approximately 4,916 shares were traded during mid-day trading, a decline of 54% from the previous session’s volume of 10,698 shares.The stock last traded at $24.60 and had previously closed at $24.50.

Nayax Stock Down 0.4 %

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 stock’s fifty day moving average is $26.34 and its 200-day moving average is $22.49.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. The firm had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $67.50 million. Equities research analysts anticipate that Nayax Ltd. will post 0.08 EPS for the current year.

Institutional Trading of Nayax

Several hedge funds have recently made changes to their positions in NYAX. Barclays PLC lifted its position in shares of Nayax by 873.7% during the second quarter. Barclays PLC now owns 1,480 shares of the company’s stock worth $28,000 after purchasing an additional 1,328 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Nayax in the third quarter valued at approximately $47,000. Citigroup Inc. raised its holdings in Nayax by 1,334.9% in the first quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock valued at $95,000 after acquiring an additional 5,233 shares in the last quarter. Credit Suisse AG acquired a new stake in Nayax in the third quarter valued at approximately $123,000. Finally, UBS Group AG raised its holdings in Nayax by 621.3% in the third quarter. UBS Group AG now owns 6,355 shares of the company’s stock valued at $155,000 after acquiring an additional 5,474 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.