Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume

Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Thursday . Approximately 4,174 shares were traded during mid-day trading, a decline of 44% from the previous session’s volume of 7,491 shares.The stock last traded at $25.78 and had previously closed at $25.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NYAX. Keefe, Bruyette & Woods dropped their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on shares of Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th.

Nayax Price Performance

The stock has a 50-day moving average price of $23.59 and a two-hundred day moving average price of $24.62. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock has a market cap of $831.03 million, a price-to-earnings ratio of -55.00 and a beta of 0.03.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC acquired a new stake in shares of Nayax during the first quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after acquiring an additional 1,099 shares during the period. Ingalls & Snyder LLC purchased a new stake in Nayax during the 2nd quarter valued at about $229,000. Altshuler Shaham Ltd acquired a new position in shares of Nayax in the second quarter valued at about $1,010,000. Finally, Baillie Gifford & Co. purchased a new position in shares of Nayax in the first quarter worth about $1,302,000. 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.