Nayax (NASDAQ:NYAX) Hits New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NYAX. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. B. Riley began coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Barclays upped their price target on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Nayax has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Trading Down 0.1 %

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -125.09 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company has a 50-day moving average price of $30.76 and a 200-day moving average price of $27.09.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $83.01 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted ($0.09) EPS. As a group, research analysts forecast that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Barclays PLC grew its stake in shares of Nayax by 5,526.8% in 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in Nayax in the 3rd quarter valued at $69,000. Baillie Gifford & Co. grew its position in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after buying an additional 1,161 shares during the last quarter. 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 valued at $2,261,000 after buying an additional 1,445 shares during the period. Finally, Azora Capital LP lifted its stake in shares of Nayax by 4.9% in 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 period. Institutional investors and hedge funds 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.