Nayax (NASDAQ:NYAX) Sees Large Volume Increase – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) saw unusually-strong trading volume on Monday . Approximately 31,893 shares traded hands during mid-day trading, an increase of 193% from the previous session’s volume of 10,884 shares.The stock last traded at $40.50 and had previously closed at $41.50.

Wall Street Analysts Forecast Growth

NYAX has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Nayax from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.67.

Nayax Stock Up 6.2%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.68. The stock’s 50-day moving average price is $45.46 and its two-hundred day moving average price is $45.27. The stock has a market capitalization of $1.50 billion, a PE ratio of 75.60 and a beta of 0.20.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a return on equity of 5.32% and a net margin of 6.06%. Nayax has set its FY 2025 guidance at EPS. As a group, analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter valued at about $33,000. Bank of America Corp DE increased its stake in Nayax by 920.4% during 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. Alliancebernstein L.P. purchased a new position in Nayax in the third quarter worth about $128,000. Finally, Ascent Group LLC bought a new position in shares of Nayax in the second quarter worth approximately $220,000. 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.