Nayax (NASDAQ:NYAX) Shares Gap Down – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) shares gapped down prior to trading on Wednesday . The stock had previously closed at $46.73, but opened at $45.08. Nayax shares last traded at $45.16, with a volume of 2,264 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price objective on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Wall Street Zen cut Nayax from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Finally, UBS Group lifted their price target on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.33.

Nayax Stock Down 2.4%

The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 71.28 and a beta of 0.20. The firm’s 50 day simple moving average is $45.03 and its two-hundred day simple moving average is $45.42.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The business had revenue of $104.28 million for the quarter, compared to analyst estimates of $109.51 million. Nayax has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Nayax by 2.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company’s stock worth $22,415,000 after purchasing an additional 16,200 shares in the last quarter. Nuveen LLC acquired a new position in Nayax in the first quarter valued at about $935,000. Bosun Asset Management LLC bought a new stake in Nayax during the first quarter worth about $332,000. Y.D. More Investments Ltd grew its stake in Nayax by 6.6% during the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after buying an additional 72,751 shares in the last quarter. Finally, Savant Capital LLC bought a new position in Nayax in the 2nd quarter valued at about $433,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.