Nayax (NASDAQ:NYAX) Shares Gap Down to $25.00

Nayax Ltd. (NASDAQ:NYAXGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $25.00, but opened at $24.04. Nayax shares last traded at $23.97, with a volume of 1,795 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NYAX. UBS Group began coverage on Nayax in a report on Monday, April 29th. They set a “neutral” rating and a $29.00 price objective on the stock. Barclays started coverage on Nayax in a research report on Wednesday. They issued an “equal weight” rating and a $27.00 price objective on the stock.

Check Out Our Latest Stock Analysis on Nayax

Nayax Stock Performance

The company has a 50-day simple moving average of $26.34 and a 200 day simple moving average of $23.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 1.27.

Nayax (NASDAQ:NYAXGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.60 million during the quarter, compared to the consensus estimate of $67.50 million. Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. On average, equities analysts expect that Nayax Ltd. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Nayax in the 3rd quarter worth $575,000. Ibex Investors LLC lifted its stake in shares of Nayax by 0.5% during the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock worth $7,031,000 after purchasing an additional 1,500 shares during the last quarter. Swedbank AB purchased a new stake in shares of Nayax during the 1st quarter worth $2,620,000. Hood River Capital Management LLC purchased a new stake in shares of Nayax during the 1st quarter worth $102,000. Finally, Baillie Gifford & Co. purchased a new stake in shares of Nayax during the 1st quarter worth $1,302,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

About Nayax

(Get Free Report)

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.

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