Nayax (NASDAQ:NYAX) Stock Price Down 2.5%

Nayax Ltd. (NASDAQ:NYAX) traded down 2.5% during trading on Wednesday . The stock traded as low as $25.53 and last traded at $25.53. 1,235 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 7,521 shares. The stock had previously closed at $26.19.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NYAX. Barclays reduced their price objective on shares of Nayax from $27.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Keefe, Bruyette & Woods decreased their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th.

Nayax Stock Down 2.4 %

The stock has a market cap of $839.57 million, a P/E ratio of -54.37 and a beta of 0.03. The firm has a 50 day simple moving average of $23.46 and a 200-day simple moving average of $24.63. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

Nayax (NASDAQ:NYAX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $78.09 million during the quarter, compared to analyst estimates of $78.10 million. Nayax had a negative net margin of 5.34% and a negative return on equity of 11.18%. During the same period in the previous year, the company posted ($0.12) EPS. On average, equities research analysts forecast that Nayax Ltd. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hood River Capital Management LLC acquired a new stake in Nayax in the first quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC acquired a new stake in Nayax during the 2nd quarter worth approximately $229,000. Altshuler Shaham Ltd bought a new stake in Nayax during the 2nd quarter worth approximately $1,010,000. Finally, Baillie Gifford & Co. increased its position in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after acquiring an additional 616 shares during the period. Institutional investors own 34.87% of the company’s stock.

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.