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

Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Thursday . Approximately 3,296 shares changed hands during mid-day trading, a decline of 61% from the previous session’s volume of 8,431 shares.The stock last traded at $21.05 and had previously closed at $21.99.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NYAX shares. Keefe, Bruyette & Woods started coverage on Nayax in a report on Monday, June 17th. They issued a “market perform” rating and a $27.00 target price for the company. Barclays started coverage on Nayax in a research note on Wednesday, May 22nd. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, UBS Group started coverage on Nayax in a research note on Monday, April 29th. They set a “neutral” rating and a $29.00 target price on the stock.

Nayax Price Performance

The firm has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $24.33. The company has a current ratio of 1.36, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.13). Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. The firm had revenue of $63.96 million for the quarter, compared to the consensus estimate of $70.93 million. Analysts anticipate that Nayax Ltd. will post -0.11 earnings per share for the current year.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hood River Capital Management LLC purchased a new position in Nayax in the 1st quarter valued at approximately $102,000. Assenagon Asset Management S.A. boosted its holdings in shares of Nayax by 152.9% in the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock worth $1,655,000 after acquiring an additional 37,853 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Nayax in the first quarter valued at $1,302,000. Swedbank AB bought a new stake in shares of Nayax during the 1st quarter valued at $2,620,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Nayax during the 1st quarter worth about $9,170,000. 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.