Nayax (NASDAQ:NYAX) Hits New 52-Week High - Here's What Happened

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $38.92 and last traded at $38.90, with a volume of 2910 shares trading hands. The stock had previously closed at $38.78.

Analysts Set New Price Targets

Several research firms have commented on NYAX. Keefe, Bruyette & Woods boosted their target price 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 report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective for the company. Barclays raised their target price on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. Four investment 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. According to MarketBeat.com, Nayax has a consensus rating of "Moderate Buy" and an average target price of $31.25.

Nayax Stock Performance

The stock has a market cap of $1.38 billion, a P/E ratio of -125.96 and a beta of 0.02. The firm has a 50 day moving average of $31.77 and a two-hundred day moving average of $27.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations 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 business earned ($0.09) earnings per share. On average, research analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd boosted its stake in Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after buying an additional 354,350 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Nayax by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock valued at $4,638,000 after acquiring an additional 115,262 shares in the last quarter. Swedbank AB increased its stake in Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company's stock valued at $5,233,000 after acquiring an additional 107,559 shares during the period. Verdence Capital Advisors LLC acquired a new position in Nayax in the fourth quarter worth about $326,000. Finally, Azora Capital LP lifted its stake in Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company's stock worth $2,583,000 after purchasing an additional 4,724 shares during the period. Institutional investors and hedge funds own 34.87% of the company's stock.

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.