Nayax (NASDAQ:NYAX) Shares Gap Up – Should You Buy?

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $56.50, but opened at $58.93. Nayax shares last traded at $59.0910, with a volume of 7,949 shares trading hands.

Analyst Ratings Changes

NYAX has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, January 2nd. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Finally, UBS Group lifted their target price on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nayax currently has an average rating of “Hold” and a consensus target price of $49.00.

Nayax Trading Down 0.0%

The business has a 50 day moving average of $47.21 and a two-hundred day moving average of $46.62. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 92.27 and a beta of 0.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.51%. The firm had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Equities analysts predict that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. acquired a new position in Nayax during the 2nd quarter valued at 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. Alliancebernstein L.P. purchased a new stake in shares of Nayax in the third quarter worth approximately $128,000. Finally, Ascent Group LLC bought a new position in shares of Nayax in the second quarter valued at approximately $220,000. 34.87% of the stock is owned by institutional investors.

Nayax Company Profile

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.