Nayax (NASDAQ:NYAX) Hits New 1-Year High – Should You Buy?

Nayax Ltd. (NASDAQ:NYAX)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $34.68 and last traded at $31.80, with a volume of 2991 shares changing hands. The stock had previously closed at $30.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Jefferies Financial Group upgraded Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Barclays increased their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Oppenheimer initiated coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, B. Riley started coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Nayax currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Trading Up 1.7 %

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 company has a market cap of $1.09 billion, a PE ratio of -98.93 and a beta of -0.03. The stock has a 50 day moving average price of $28.43 and a 200 day moving average price of $25.46.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $83.01 million for 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 previous year, the business posted ($0.09) EPS. Sell-side analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several large investors have recently made changes to their positions in the business. 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 worth $58,000 after buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the third quarter valued at $69,000. Hood River Capital Management LLC raised its position in shares of Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after purchasing an additional 1,401 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in Nayax during the 2nd quarter valued at about $1,010,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

About Nayax

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.