Nayax (NASDAQ:NYAX) Trading Up 2.3%

Shares of Nayax Ltd. (NASDAQ:NYAX) traded up 2.3% during trading on Wednesday . The company traded as high as $25.70 and last traded at $25.70. 1,460 shares changed hands during trading, a decline of 86% from the average session volume of 10,475 shares. The stock had previously closed at $25.12.

Nayax Trading Up 0.9 %

The business’s fifty day moving average is $26.31 and its 200 day moving average is $22.44. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $67.50 million. Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. On average, equities analysts predict that Nayax Ltd. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of NYAX. Goldman Sachs Group Inc. purchased a new stake in Nayax during the fourth quarter worth approximately $769,000. UBS Group AG raised its holdings in shares of Nayax by 621.3% during the third quarter. UBS Group AG now owns 6,355 shares of the company’s stock worth $155,000 after purchasing an additional 5,474 shares during the period. Ibex Investors LLC increased its holdings in shares of Nayax by 0.5% in the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,500 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Nayax in the 3rd quarter worth about $575,000. Finally, Barclays PLC increased its holdings in shares of Nayax by 873.7% in the 2nd quarter. Barclays PLC now owns 1,480 shares of the company’s stock worth $28,000 after acquiring an additional 1,328 shares during the period. Institutional investors and hedge funds own 34.87% 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 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.