Diginex (NASDAQ:DGNX) Stock Price Down 7.1% – What’s Next?

Diginex Limited (NASDAQ:DGNX) shares fell 7.1% on Monday . The stock traded as low as $6.08 and last traded at $6.18. 75,548 shares traded hands during trading, a decline of 94% from the average session volume of 1,177,301 shares. The stock had previously closed at $6.65.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Diginex currently has an average rating of “Sell”.

Diginex Stock Down 29.1%

The company’s fifty day moving average is $11.87 and its two-hundred day moving average is $11.01.

Institutional Investors Weigh In On Diginex

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of Diginex during the third quarter worth $38,000. Bank of America Corp DE lifted its holdings in Diginex by 625.0% during the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares during the last quarter. Quarry LP acquired a new position in shares of Diginex during the 3rd quarter worth about $44,000. Armistice Capital LLC purchased a new position in shares of Diginex in the 3rd quarter valued at about $144,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Diginex during the 3rd quarter worth about $168,000.

Diginex Company Profile

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.