Nayax (NASDAQ:NYAX) Shares Gap Up to $23.63

Nayax Ltd. (NASDAQ:NYAX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.63, but opened at $24.25. Nayax shares last traded at $24.25, with a volume of 365 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on NYAX shares. UBS Group started coverage on Nayax in a research report on Monday, April 29th. They issued a “neutral” rating and a $29.00 price objective on the stock. Barclays started coverage on Nayax in a research report on Wednesday. They issued an “equal weight” rating and a $27.00 price objective on the stock.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.36. The company has a 50 day moving average price of $26.31 and a two-hundred day moving average price of $23.70.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. On average, sell-side analysts forecast that Nayax Ltd. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NYAX. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Nayax in the 1st quarter valued at $9,170,000. Swedbank AB acquired a new position in Nayax in the 1st quarter valued at $2,620,000. Baillie Gifford & Co. acquired a new position in Nayax in the 1st quarter valued at $1,302,000. Assenagon Asset Management S.A. raised its stake in Nayax by 152.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after purchasing an additional 37,853 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Nayax in the 1st quarter valued at $102,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.