Nayax Ltd. (NASDAQ:NYAX) Short Interest Update

Nayax Ltd. (NASDAQ:NYAX) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 11,775 shares, a drop of 45.1% from the December 31st total of 21,444 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,450 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 8,450 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently modified their holdings of NYAX. Russell Investments Group Ltd. grew its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. acquired a new position in shares of Nayax during the second quarter valued at approximately $33,000. Bank of America Corp DE lifted its holdings in shares of Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after buying an additional 956 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Nayax in the 3rd quarter worth approximately $128,000. Finally, Ascent Group LLC acquired a new stake in shares of Nayax during the 4th quarter valued at $206,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, UBS Group raised their price target on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.00.

Nayax Trading Down 2.4%

Shares of NASDAQ:NYAX traded down $1.38 during trading on Friday, reaching $56.12. The stock had a trading volume of 12,876 shares, compared to its average volume of 8,521. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.99 billion, a P/E ratio of 87.69 and a beta of 0.14. The business has a fifty day moving average price of $50.94 and a 200-day moving average price of $47.52. Nayax has a fifty-two week low of $32.38 and a fifty-two week high of $60.76.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The company had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. As a group, analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.