Nayax (NYAX) Expected to Announce Quarterly Earnings on Tuesday

Nayax (NASDAQ:NYAX - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Nayax Stock Performance

Shares of NYAX traded down $0.03 during mid-day trading on Friday, hitting $39.61. The company's stock had a trading volume of 2,605 shares, compared to its average volume of 7,077. Nayax has a one year low of $20.31 and a one year high of $40.70. 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 capitalization of $1.40 billion, a PE ratio of -127.77 and a beta of 0.02. The stock's 50-day moving average is $34.04 and its two-hundred day moving average is $28.81.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nayax stock. Bank of America Corp DE grew its holdings in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 920.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,500 shares of the company's stock after buying an additional 1,353 shares during the quarter. Bank of America Corp DE's holdings in Nayax were worth $44,000 at the end of the most recent reporting period. Institutional investors own 34.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NYAX shares. Keefe, Bruyette & Woods upped their target price on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research note on Monday, December 9th. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. Finally, B. Riley started coverage on Nayax in a research note on Tuesday, November 19th. They issued a "buy" rating and a $38.00 target price for the company. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nayax has a consensus rating of "Moderate Buy" and a consensus target price of $31.25.

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.