Nayax (NASDAQ:NYAX) Hits New 52-Week High – Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) hit a new 52-week high during trading on Friday . The company traded as high as $34.68 and last traded at $31.80, with a volume of 2991 shares traded. The stock had previously closed at $30.16.

Analyst Ratings Changes

NYAX has been the topic of several research analyst reports. Oppenheimer assumed coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. B. Riley started coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective for the company. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The firm has a market cap of $1.12 billion, a P/E ratio of -102.32 and a beta of -0.07. The stock’s 50 day moving average is $28.35 and its two-hundred day moving average is $25.41.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same period in the prior year, the company posted ($0.09) EPS. As a group, equities analysts predict that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Trading of Nayax

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after purchasing an additional 1,401 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Barclays PLC raised its position in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Nayax during the 3rd quarter worth $69,000. Institutional investors and hedge funds 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.