Nayax (NASDAQ:NYAX) Shares Gap Up to $24.18

Nayax Ltd. (NASDAQ:NYAXGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $24.18, but opened at $25.71. Nayax shares last traded at $25.71, with a volume of 530 shares changing hands.

Nayax Stock Down 0.5 %

The company’s 50 day moving average price is $20.75 and its 200-day moving average price is $21.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.14.

Nayax (NASDAQ:NYAXGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Nayax had a negative net margin of 9.14% and a negative return on equity of 19.84%. The company had revenue of $60.33 million during the quarter, compared to analyst estimates of $61.20 million. Equities analysts forecast that Nayax Ltd. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several large investors have recently modified their holdings of the stock. Barclays PLC grew its stake in Nayax by 873.7% in the 2nd quarter. Barclays PLC now owns 1,480 shares of the company’s stock valued at $28,000 after buying an additional 1,328 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Nayax in the 3rd quarter valued at approximately $47,000. Credit Suisse AG purchased a new position in Nayax in the 3rd quarter valued at approximately $123,000. Citigroup Inc. boosted its holdings in Nayax by 1,334.9% in the 1st quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock valued at $95,000 after purchasing an additional 5,233 shares during the period. Finally, UBS Group AG boosted its holdings in Nayax by 621.3% in the 3rd quarter. UBS Group AG now owns 6,355 shares of the company’s stock valued at $155,000 after purchasing an additional 5,474 shares during the period. Hedge funds and other institutional investors own 7.81% of the company’s stock.

Nayax Company Profile

(Get Free Report)

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.

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