Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 17,628 shares changed hands during mid-day trading, an increase of 112% from the previous session's volume of 8,301 shares.The stock last traded at $35.04 and had previously closed at $35.84.
Wall Street Analyst Weigh In
NYAX has been the subject of a number of recent research reports. B. Riley reissued a "buy" rating and set a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their price target on Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.75.
Read Our Latest Report on NYAX
Nayax Stock Down 1.4 %
The stock has a 50-day moving average of $36.60 and a 200 day moving average of $30.22. The company has a market capitalization of $1.25 billion, a PE ratio of -114.09 and a beta of 0.08. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of NYAX. Bank of America Corp DE raised its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after buying an additional 1,353 shares during the period. Barclays PLC raised its stake in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after acquiring an additional 2,266 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Nayax during the third quarter valued at about $69,000. Citadel Advisors LLC bought a new position in Nayax during the fourth quarter worth about $217,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Nayax in the fourth quarter valued at approximately $326,000. 34.87% of the stock is owned by institutional investors.
Nayax Company Profile
(
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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