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In a remarkable display of market confidence, Nayax (TASE:NYAX) Ltd’s stock has surged to an all-time high, reaching a price level of $40.3. The company, now valued at $1.47 billion, has demonstrated impressive revenue growth of nearly 33% over the last twelve months. According to InvestingPro analysis, the stock’s technical indicators suggest overbought conditions. This significant milestone underscores the company’s impressive performance over the past year, which has seen the stock’s value skyrocket by 53.94%. Investors have rallied behind Nayax’s strategic initiatives and growth prospects, propelling the stock to new heights and setting a robust precedent for the company’s future trajectory in the market. With earnings scheduled for February 26, InvestingPro subscribers can access 12 additional investment tips to better evaluate this momentum stock.
In other recent news, fintech firm Nayax has been highlighted for its rapid growth and extensive global reach. The company, known for its cashless payment solutions and management software, recently received a positive outlook from B. Riley. The firm initiated coverage with a Buy rating and set a price target of $38.00 per share.
Nayax’s business model, which primarily focuses on recurring SaaS and payment processing fees, contributes to 72% of its sales. The company serves 91,000 customers with more than 1.2 million active devices, handling over $5 billion in annual transaction volume.
B. Riley’s valuation of Nayax is based on a 14x 2026 estimated EV/EBITDA multiple. The analyst highlighted Nayax’s diverse and growing base of higher-margin recurring revenue, which is expected to support a rapid increase in profitability. Furthermore, Nayax is anticipated to transition to generating sustainable positive free cash flow within the current year, a significant achievement as the company continues to expand its market presence.
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