Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) saw an uptick in trading volume on Monday . 6,531 shares changed hands during mid-day trading, a decline of 17% from the previous session's volume of 7,860 shares.The stock last traded at $34.40 and had previously closed at $34.60.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NYAX. Keefe, Bruyette & Woods raised their target price on Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research report on Thursday, March 6th. B. Riley restated a "buy" rating and set a $44.00 price objective (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $34.75.

Nayax Trading Down 1.6 %

The firm has a fifty day moving average of $36.90 and a two-hundred day moving average of $31.00. The company has a market cap of $1.22 billion, a PE ratio of -111.19 and a beta of 0.08. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd grew its stake in Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock valued at $34,630,000 after buying an additional 354,350 shares in the last quarter. Swedbank AB grew its position in shares of 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 purchasing an additional 107,559 shares in the last quarter. Barclays PLC raised its stake in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after purchasing an additional 2,266 shares during the period. Verdence Capital Advisors LLC bought a new position in Nayax in the 4th quarter worth about $326,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Nayax during the 3rd quarter valued at about $69,000. Institutional investors own 34.87% of the company's stock.

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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.