Nayax (NASDAQ:NYAX) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Nayax Ltd. (NASDAQ:NYAX)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $47.55 and traded as high as $47.99. Nayax shares last traded at $47.66, with a volume of 13,469 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. UBS Group restated a “neutral” rating and issued a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Barclays dropped their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Friday, August 14th. Finally, Jefferies Financial Group started coverage on Nayax in a research report on Wednesday, October 7th. They set a “buy” rating and a $68.30 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nayax has a consensus rating of “Moderate Buy” and a consensus target price of $73.46.

Nayax Trading Up 3.3%

The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $47.55 and a 200-day moving average price of $58.23. The firm has a market capitalization of $1.74 billion, a PE ratio of 226.95 and a beta of 0.46.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The firm had revenue of $122.59 million during the quarter, compared to analysts’ expectations of $116.75 million. Analysts expect that Nayax Ltd. will post 0.75 earnings per share for the current year.

Insider Activity at Nayax

In related news, CEO Yair Nechmad bought 44,148 shares of the stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $47.84 per share, for a total transaction of $2,112,040.32. Following the completion of the transaction, the chief executive officer owned 7,524,641 shares of the company’s stock, valued at $359,978,825.44. This represents a 0.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Ben-Avi bought 700 shares of the stock in a transaction on Wednesday, September 23rd. The shares were bought at an average price of $43.07 per share, for a total transaction of $30,149.00. Following the completion of the transaction, the insider directly owned 6,592,402 shares of the company’s stock, valued at $283,934,754.14. This trade represents a 0.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $146,588.

Institutional Investors Weigh In On Nayax

Institutional investors have recently modified their holdings of the company. Tidal Investments LLC acquired a new position in Nayax during the second quarter worth $650,000. Public Employees Retirement System of Ohio purchased a new stake in Nayax during the second quarter worth $239,000. Bank of America Corp DE boosted its position in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.