Diginex (NASDAQ:DGNX) Shares Down 5.7% – Time to Sell?

Diginex Limited (NASDAQ:DGNX)’s share price was down 5.7% during trading on Monday. The company traded as low as $1.30 and last traded at $1.32. 159,066 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 287,276 shares. The stock had previously closed at $1.40.

Analyst Ratings Changes

A number of analysts have weighed in on DGNX shares. Wall Street Zen cut shares of Diginex from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Diginex Price Performance

The firm’s fifty day moving average is $1.33 and its two-hundred day moving average is $3.32.

Diginex (NASDAQ:DGNX) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million during the quarter.

Insider Activity at Diginex

In related news, Director Miles Pelham sold 294,298 shares of Diginex stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $1.43, for a total value of $420,846.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 8,238,027 shares of company stock worth $8,696,245.

Diginex Company Profile

Diginex Limited is a sustainability-focused technology company that provides software and data solutions for environmental, social and governance (ESG) reporting, supply-chain due diligence and climate-related measurement. Its products are designed to help businesses collect, manage and communicate sustainability information while supporting compliance with evolving disclosure requirements.

The company’s offerings include diginexESG, a platform for gathering and reporting ESG data; diginexLUMEN, which supports supply-chain mapping, risk assessment and human-rights due diligence; and diginexCLIMATE, which helps organizations measure and manage carbon emissions.