Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume

Nayax Ltd. (NASDAQ:NYAX) shares saw an uptick in trading volume on Thursday . 1,943 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 1,464 shares.The stock last traded at $21.41 and had previously closed at $21.45.

Nayax Price Performance

The stock’s 50-day moving average is $22.08 and its 200 day moving average is $19.49. The stock has a market capitalization of $704.57 million and a PE ratio of -26.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.18.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $56.16 million for the quarter, compared to analyst estimates of $57.23 million. Nayax had a negative return on equity of 25.87% and a negative net margin of 13.00%. As a group, equities analysts expect that Nayax Ltd. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Barclays PLC raised its stake in Nayax by 873.7% during the 2nd quarter. Barclays PLC now owns 1,480 shares of the company’s stock valued at $28,000 after acquiring an additional 1,328 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Nayax during the third quarter worth approximately $47,000. Citigroup Inc. lifted its holdings in shares of Nayax by 1,334.9% during the first quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock worth $95,000 after purchasing an additional 5,233 shares during the period. Credit Suisse AG acquired a new stake in shares of Nayax during the third quarter worth $123,000. Finally, Jane Street Group LLC purchased a new position in Nayax in the 3rd quarter valued at $237,000. Institutional investors and hedge funds own 7.81% of the company’s stock.

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 Meter 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.