Nayax (NASDAQ:NYAX) Shares Gap Down – Time to Sell?

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $60.76, but opened at $58.40. Nayax shares last traded at $59.95, with a volume of 4,297 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Keefe, Bruyette & Woods boosted their target price on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, January 2nd. UBS Group upped their target price on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Thursday. Finally, Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.00.

Nayax Stock Performance

The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.07 billion, a P/E ratio of 91.05 and a beta of 0.14. The business has a fifty day simple moving average of $49.42 and a 200-day simple moving average of $47.04.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. On average, sell-side analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd boosted its position in shares of Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after purchasing an additional 26,146 shares in the last quarter. Ascent Group LLC bought a new position in Nayax during the 4th quarter valued at approximately $206,000. Assenagon Asset Management S.A. raised its stake in Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after buying an additional 72,354 shares during the last quarter. Citadel Advisors LLC bought a new stake in Nayax in the third quarter worth $223,000. Finally, Bank of America Corp DE boosted its holdings in Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 956 shares in the last quarter. Institutional investors own 34.87% of the company’s stock.

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.