Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume - Here's What Happened

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) saw strong trading volume on Monday . 7,682 shares traded hands during mid-day trading, an increase of 12% from the previous session's volume of 6,883 shares.The stock last traded at $37.61 and had previously closed at $36.97.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price target on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research note on Monday, December 9th. B. Riley began coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nayax presently has an average rating of "Moderate Buy" and an average target price of $31.25.

Nayax Trading Up 1.7 %

The company's 50 day moving average price is $35.31 and its 200 day moving average price is $29.56. The firm has a market cap of $1.33 billion, a PE ratio of -121.32 and a beta of 0.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16.

Institutional Investors Weigh In On Nayax

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Nayax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after buying an additional 650 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock valued at $1,517,000 after purchasing an additional 1,161 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock worth $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company's stock worth $58,000 after purchasing an additional 2,266 shares in the last quarter. Hedge funds and other institutional investors 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.

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