Nayax (NASDAQ:NYAX) Sees Strong Trading Volume – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) shares saw strong trading volume on Thursday . 13,636 shares were traded during trading, an increase of 134% from the previous session’s volume of 5,816 shares.The stock last traded at $53.19 and had previously closed at $51.61.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group boosted their price objective on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Keefe, Bruyette & Woods raised their target price on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.00.

Nayax Trading Up 0.5%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 83.11 and a beta of 0.14. The business has a fifty day moving average price of $45.47 and a 200 day moving average price of $46.28.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The firm had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. As a group, equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd raised its holdings in Nayax by 6.6% in the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after buying an additional 72,751 shares during the period. Vanguard Group Inc. increased its position in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the period. Marshall Wace LLP acquired a new position in shares of Nayax during the 2nd quarter valued at $2,649,000. Finally, ARK Investment Management LLC boosted its position in Nayax by 3.2% during the 3rd quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock worth $2,058,000 after purchasing an additional 1,331 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

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.