Nayax (NASDAQ:NYAX) Shares Gap Down – What’s Next?

Shares of Nayax Ltd. (NASDAQ:NYAX) gapped down prior to trading on Wednesday . The stock had previously closed at $36.58, but opened at $35.31. Nayax shares last traded at $35.09, with a volume of 1,294 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NYAX shares. B. Riley restated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Nayax in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Nayax currently has an average rating of “Hold” and a consensus target price of $32.75.

Nayax Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $35.68 and its 200-day moving average price is $29.74. The stock has a market cap of $1.24 billion, a P/E ratio of -113.17 and a beta of 0.02.

Institutional Investors Weigh In On Nayax

Hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd grew its stake in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Swedbank AB grew its position in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares during the period. Barclays PLC increased its holdings in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Nayax in the third quarter worth approximately $69,000. Finally, Azora Capital LP boosted its stake in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the last quarter. 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.