Nayax (NYAX) Projected to Post Earnings on Wednesday

Nayax (NASDAQ:NYAX) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Nayax to post earnings of $0.04 per share for the quarter.

Nayax Price Performance

NASDAQ NYAX opened at $39.78 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock’s fifty day moving average price is $33.31 and its 200 day moving average price is $28.53. Nayax has a 1 year low of $20.31 and a 1 year high of $40.70. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -128.32 and a beta of 0.02.

Institutional Investors Weigh In On Nayax

An institutional investor recently raised its position in Nayax stock. Bank of America Corp DE lifted its position in shares of Nayax Ltd. (NASDAQ:NYAX) by 920.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after acquiring an additional 1,353 shares during the quarter. Bank of America Corp DE’s holdings in Nayax were worth $44,000 as of its most recent SEC filing. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NYAX. 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 report on Monday, December 9th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, B. Riley started coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Nayax has a consensus rating of “Moderate Buy” and an average target price of $31.25.

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.