Nayax (NASDAQ:NYAX) Shares Gap Down - Time to Sell?

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $34.68, but opened at $33.62. Nayax shares last traded at $34.79, with a volume of 301 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NYAX. B. Riley reissued a "buy" rating and set a $44.00 target price (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.75.

Nayax Price Performance

The company has a 50-day moving average of $36.86 and a 200 day moving average of $31.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a market cap of $1.20 billion, a P/E ratio of -109.51 and a beta of 0.08.

Institutional Investors Weigh In On Nayax

Several large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its position in Nayax by 42.7% in the fourth 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. Barclays PLC increased its position 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 in the last quarter. Swedbank AB raised its stake in shares of Nayax by 44.5% in the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after acquiring an additional 92,441 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Nayax during the fourth quarter worth approximately $326,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax in the third quarter valued at approximately $69,000. Institutional investors own 34.87% of the company's stock.

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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.