Q1 2024 Earnings Forecast for Nayax Ltd. Issued By William Blair (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX) – Stock analysts at William Blair raised their Q1 2024 earnings estimates for shares of Nayax in a note issued to investors on Tuesday, March 26th. William Blair analyst C. Kennedy now anticipates that the company will post earnings per share of $0.03 for the quarter, up from their previous forecast of $0.01. The consensus estimate for Nayax’s current full-year earnings is $0.08 per share.

Nayax Trading Up 1.0 %

Shares of Nayax stock opened at $26.32 on Thursday. Nayax has a 52-week low of $16.38 and a 52-week high of $30.99. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company’s 50-day simple moving average is $25.74 and its 200-day simple moving average is $22.17. The firm has a market cap of $864.61 million, a price-to-earnings ratio of -54.83 and a beta of 0.10.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. The business had revenue of $66.60 million during the quarter, compared to analyst estimates of $67.50 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Nayax by 873.7% in the second quarter. Barclays PLC now owns 1,480 shares of the company’s stock valued at $28,000 after purchasing an additional 1,328 shares in the last quarter. Ibex Investors LLC lifted its holdings in shares of Nayax by 0.5% in the third quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock valued at $7,031,000 after purchasing an additional 1,500 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Nayax in the third quarter valued at about $47,000. Credit Suisse AG purchased a new stake in shares of Nayax in the third quarter valued at about $123,000. Finally, Citigroup Inc. lifted its holdings in shares of Nayax by 1,334.9% in the first quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock valued at $95,000 after purchasing an additional 5,233 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.