Nayax (NASDAQ:NYAX) Reaches New 1-Year High - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $37.19 and last traded at $32.20, with a volume of 1605 shares traded. The stock had previously closed at $33.17.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays increased their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a "market perform" rating in a research note on Monday, December 9th. Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. B. Riley began coverage on shares of Nayax in a research report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.25.

Nayax Trading Down 0.6 %

The stock has a market capitalization of $1.17 billion, a PE ratio of -106.35 and a beta of -0.03. The stock has a 50-day moving average price of $28.89 and a two-hundred day moving average price of $25.85. 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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same period in the prior year, the company earned ($0.09) earnings per share. As a group, equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently bought and sold shares of NYAX. Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% in the third 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. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax in the 3rd quarter worth $69,000. Hood River Capital Management LLC grew its position in shares of Nayax by 35.8% during the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company's stock worth $116,000 after buying an additional 1,401 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Nayax during the 2nd quarter worth $1,010,000. Finally, ARK Investment Management LLC raised its holdings in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after acquiring an additional 1,445 shares in the last quarter. Institutional investors own 34.87% of the company's stock.

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.