Nayax (NASDAQ:NYAX) Share Price Breaks Above 50 Day Moving Average – Should You Sell?

Shares of Nayax Ltd. (NASDAQ:NYAX) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $47.55 and traded as high as $47.99. Nayax shares last traded at $47.66, with a volume of 13,469 shares trading hands.

Analyst Upgrades and Downgrades

NYAX has been the topic of several research analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Barclays decreased their target price on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of Nayax in a research report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price objective for the company. Finally, Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.46.

Nayax Price Performance

The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The stock’s 50-day moving average is $47.55 and its 200 day moving average is $58.23. The stock has a market capitalization of $1.74 billion, a PE ratio of 226.95 and a beta of 0.46.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The firm had revenue of $122.59 million for the quarter, compared to analysts’ expectations of $116.75 million. As a group, equities analysts expect that Nayax Ltd. will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In other Nayax news, insider David Ben-Avi acquired 700 shares of Nayax stock in a transaction dated Wednesday, September 23rd. The stock was bought at an average price of $43.07 per share, for a total transaction of $30,149.00. Following the transaction, the insider owned 6,592,402 shares in the company, valued at approximately $283,934,754.14. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gal Omer sold 1,500 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total transaction of $67,755.00. Following the sale, the insider directly owned 18,539 shares in the company, valued at approximately $837,406.63. This represents a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $146,588.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NYAX. Y.D. More Investments Ltd increased its stake in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares during the period. Altshuler Shaham Ltd grew its position in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Nayax during the second quarter valued at $650,000. Bank of America Corp DE increased its stake in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax during the 2nd quarter worth about $239,000. 34.87% of the stock is currently owned by institutional investors.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.