Nayax (NASDAQ:NYAX) Sees Strong Trading Volume – What’s Next?

Shares of Nayax Ltd. (NASDAQ:NYAX) saw strong trading volume on Monday . 6,531 shares were traded during trading, a decline of 17% from the previous session’s volume of 7,860 shares.The stock last traded at $34.40 and had previously closed at $34.60.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price target on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Nayax has an average rating of “Hold” and an average price target of $34.75.

Nayax Stock Performance

The company has a market cap of $1.24 billion, a P/E ratio of -112.87 and a beta of 0.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The business has a 50 day moving average price of $36.87 and a two-hundred day moving average price of $30.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after purchasing an additional 650 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after acquiring an additional 1,161 shares during the period. Bank of America Corp DE grew its holdings in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the period. Barclays PLC grew its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after acquiring an additional 2,266 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Nayax during the 3rd quarter worth approximately $69,000. Hedge funds and other institutional investors 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.