Nayax (NYAX) Expected to Announce Quarterly Earnings on Tuesday

Nayax (NASDAQ:NYAX) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Nayax Stock Performance

NASDAQ NYAX opened at $36.97 on Friday. Nayax has a 1 year low of $20.31 and a 1 year high of $40.70. The firm has a market capitalization of $1.31 billion, a P/E ratio of -119.25 and a beta of 0.02. 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 firm’s fifty day moving average price is $35.31 and its two-hundred day moving average price is $29.52.

Analysts Set New Price Targets

A number of brokerages have recently commented on NYAX. B. Riley began 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. Keefe, Bruyette & Woods increased their price target on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nayax currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Institutional Trading of Nayax

An institutional investor recently raised its position in Nayax stock. Bank of America Corp DE boosted its stake in Nayax Ltd. (NASDAQ:NYAX) by 920.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500 shares of the company’s stock after purchasing an additional 1,353 shares during the period. Bank of America Corp DE’s holdings in Nayax were worth $44,000 at the end of the most recent reporting period. 34.87% of the stock is owned by institutional investors and hedge funds.

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.