Nayax (NASDAQ:NYAX) Sees Large Volume Increase

Shares of Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Tuesday . Approximately 4,916 shares were traded during trading, a decline of 54% from the previous session’s volume of 10,698 shares.The stock last traded at $24.60 and had previously closed at $24.50.

Nayax Stock Performance

The company’s 50 day moving average is $26.35 and its 200-day moving average is $22.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.00.

Nayax (NASDAQ:NYAX) last issued its 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 company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $67.50 million. Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. Equities research analysts predict that Nayax Ltd. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG bought a new position in shares of Nayax in the third quarter valued at $1,072,000. Tower Research Capital LLC TRC bought a new position in shares of Nayax in the third quarter valued at $47,000. Credit Suisse AG bought a new position in shares of Nayax in the third quarter valued at $123,000. Vanguard Group Inc. bought a new position in shares of Nayax in the third quarter valued at $1,107,000. Finally, Jane Street Group LLC bought a new position in shares of Nayax in the third quarter valued at $237,000. 34.87% of the stock is owned by institutional investors.

About Nayax

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.