Nayax (NASDAQ:NYAX) Shares Gap Down - Here's What Happened

Nayax Ltd. (NASDAQ:NYAX) experienced a notable decline in its share price before the market opened on Wednesday. The stock, which closed at $34.68 the previous day, opened at $33.62. At the latest trading session, Nayax shares were quoted at $34.79, with a total volume of 301 shares changing hands.

Analyst Upgrades and Downgrades

Recently, Nayax has attracted attention from several analysts. On March 5th, B. Riley reiterated a "buy" rating and increased their target price for Nayax shares to $44.00, up from a previous estimate of $42.00. Keefe, Bruyette & Woods also raised their target price for Nayax from $33.00 to $38.00, while assigning a "market perform" rating in a note on March 6th. Currently, four analysts have issued a hold rating on the stock, and two analysts have rated it as a buy. According to MarketBeat.com, the average rating for Nayax shares is "Hold" with a typical price target of $34.75.

View Our Latest Stock Report on NYAX

Nayax Stock Performance

The company's stock performance indicates it has a 50-day moving average price of $36.90 and a 200-day moving average price of $31.00. Nayax maintains a low debt-to-equity ratio of 0.11, along with a current ratio of 1.25 and a quick ratio of 1.16. The stock is currently valued at a market capitalization of $1.20 billion and has a PE ratio of -109.51. It also exhibits a beta of 0.08, which suggests lower volatility in comparison to the market.

Institutional Inflows and Outflows

Recent trading activity indicates that several large investors have adjusted their holdings in Nayax. Y.D. More Investments Ltd increased its stake in Nayax by 42.7% in the fourth quarter, owning 1,183,988 shares worth approximately $34,630,000 after acquiring an additional 354,350 shares. Swedbank AB raised its ownership by 107.6% in the third quarter, now holding 207,559 shares valued at $5,233,000. Additionally, JPMorgan Chase & Co., Jane Street Group LLC, and Verdence Capital Advisors LLC also purchased new stakes in Nayax during the fourth quarter, with total holdings of 34.87% attributed to institutional and hedge fund ownership.

Nayax Company Profile

Nayax Ltd. is a fintech company specializing in payment solutions and systems for businesses in various sectors. Its offerings include AMIT 3.0, a machine-to-machine telemetry solution; Nayax Core, a management tool for vending and unattended machines; and Monyx Wallet, a digital wallet for cashless payments. The firm operates across several regions, including the United States, Europe, Australia, and Israel, and is committed to providing innovative management tools for retail operations.

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