Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume

Nayax Ltd. (NASDAQ:NYAX) shares saw strong trading volume on Tuesday . 13,762 shares changed hands during trading, an increase of 41% from the previous session’s volume of 9,766 shares.The stock last traded at $26.50 and had previously closed at $26.07.

Wall Street Analyst Weigh In

Separately, UBS Group assumed coverage on Nayax in a report on Monday. They issued a “neutral” rating and a $29.00 target price on the stock.

Nayax Stock Up 3.3 %

The stock’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $22.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.90.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The business had revenue of $66.60 million for the quarter, compared to analysts’ expectations of $67.50 million. Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. On average, equities analysts expect that Nayax Ltd. will post 0.08 EPS for the current year.

Institutional Trading of Nayax

A number of large investors have recently added to or reduced their stakes in NYAX. Assenagon Asset Management S.A. purchased a new position in Nayax in the third quarter valued at approximately $575,000. Baillie Gifford & Co. bought a new position in shares of Nayax during the 1st quarter worth $1,302,000. Ibex Investors LLC increased its holdings in Nayax by 0.5% in the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Nayax in the 1st quarter valued at about $9,170,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.