Nayax (NASDAQ:NYAX) Sets New 52-Week High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares reached a new 52-week high on Tuesday . The company traded as high as $56.32 and last traded at $56.7050, with a volume of 4721 shares. The stock had previously closed at $55.28.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NYAX. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Keefe, Bruyette & Woods raised their target price on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Finally, UBS Group boosted their price target on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.00.

Nayax Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 88.60 and a beta of 0.14. The stock’s 50-day simple moving average is $46.21 and its 200 day simple moving average is $46.40.

Nayax (NASDAQ:NYAX) last issued 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 6.51% and a net margin of 6.49%.The company had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. On average, equities research analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Nayax in the second quarter valued at $33,000. Bank of America Corp DE boosted its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Nayax during the third quarter worth about $128,000. Finally, Ascent Group LLC acquired a new stake in shares of Nayax during the second quarter worth about $220,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.