Diginex (NASDAQ:DGNX) Trading Up 13.2% – Still a Buy?

Diginex Limited (NASDAQ:DGNX) shares traded up 13.2% on Tuesday . The company traded as high as $2.85 and last traded at $2.74. 1,184,955 shares were traded during trading, a decline of 40% from the average session volume of 1,983,024 shares. The stock had previously closed at $2.42.

Analyst Upgrades and Downgrades

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

Diginex Price Performance

The business has a 50-day simple moving average of $9.54 and a 200 day simple moving average of $10.82.

Hedge Funds Weigh In On Diginex

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

About Diginex

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.