Nayax Shares Soar 3.75% On Strategic EV Partnership

Nayax(NYAX) shares surged to a record high today, with an intraday gain of 3.75%.

The strategy of buying NYAX shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a reliable strategy for NYAX.

Nayax has recently formed a strategic partnership with Lynkwell to enhance the accessibility, profitability, and scalability of EV charging. This collaboration, announced on June 4, 2025, is expected to positively influence investor perceptions and contribute to the recent increase in stock price. The partnership aims to leverage Nayax's expertise in payment solutions and Lynkwell's advanced EV charging technology to create a seamless and efficient charging experience for electric vehicle owners.

Nayax's recent market momentum has also played a significant role in its stock price increase. The company's stock has moved 6.5% higher recently, which might be attributed to positive market sentiment or favorable business developments. This momentum indicates that investors are optimistic about Nayax's future prospects and its ability to capitalize on the growing EV market.