Nayax (NASDAQ:NYAX) Hits New 1-Year High – Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.31 and last traded at $37.03, with a volume of 2023 shares changing hands. The stock had previously closed at $36.45.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NYAX shares. B. Riley started coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods increased their price target 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. Barclays increased their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Oppenheimer began coverage on shares of Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Stock Performance

The firm has a market capitalization of $1.31 billion, a P/E ratio of -119.27 and a beta of -0.03. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $30.36 and its two-hundred day simple moving average is $26.94.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period last year, the business earned ($0.09) EPS. Sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC increased its stake in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after buying an additional 1,445 shares in the last quarter. Barclays PLC raised its stake in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new position in Nayax in the 3rd quarter worth approximately $69,000. Azora Capital LP grew its holdings in Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after buying an additional 4,724 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 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.