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

Nayax Ltd. (NASDAQ:NYAX) shares saw unusually-high trading volume on Thursday . Approximately 4,174 shares traded hands 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NYAX shares. Barclays reduced their price target on shares of Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Keefe, Bruyette & Woods cut their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th.

Nayax Stock Performance

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 company’s 50-day moving average is $23.50 and its two-hundred day moving average is $24.63. The stock has a market capitalization of $811.98 million, a P/E ratio of -54.74 and a beta of 0.03.

Nayax (NASDAQ:NYAX) last issued its quarterly 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 business had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts anticipate that Nayax Ltd. will post -0.13 EPS for the current fiscal year.

Institutional Trading of Nayax

Several large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd bought a new stake in Nayax in the second quarter valued at $14,790,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nayax in the first quarter worth about $9,170,000. Swedbank AB bought a new stake in Nayax in the 1st quarter valued at $2,620,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Nayax during the second quarter worth about $1,673,000. Finally, Baillie Gifford & Co. grew its stake in shares of Nayax by 1.2% during the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after acquiring an additional 616 shares in the last quarter. 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.