Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares saw unusually-strong trading volume on Monday . Approximately 6,618 shares were traded during trading, a decline of 14% from the previous session’s volume of 7,714 shares.The stock last traded at $36.58 and had previously closed at $35.89.

Analysts Set New Price Targets

NYAX has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th. B. Riley reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Finally, William Blair upgraded Nayax from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.75.

Nayax Trading Up 1.9 %

The company has a market capitalization of $1.30 billion, a P/E ratio of -117.98 and a beta of 0.23. The company has a 50-day simple moving average of $36.61 and a 200 day simple moving average of $31.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Institutional Trading of Nayax

Several institutional investors have recently made changes to their positions in NYAX. Bank of America Corp DE raised its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Barclays PLC raised its stake in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after acquiring an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the third quarter valued at $69,000. Citadel Advisors LLC bought a new position in shares of Nayax during the fourth quarter valued at $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Nayax in the 4th quarter valued at $326,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.