Diginex (NASDAQ:DGNX) Hits New 12-Month High - Should You Buy?

Key Points

• Diginex Limited shares reached a new 52-week high of $53.50, marking a significant trading increase from its previous close of $6.63.
• Wall Street analysts have assigned a "hold" rating to Diginex shares, reflecting a cautious outlook on the stock's future performance.
• A hedge fund, Y Intercept Hong Kong Ltd, has acquired a new stake in Diginex, purchasing 6,447 shares valued at approximately $572,000 during the first quarter.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.50 and last traded at $51.75, with a volume of 7496 shares changing hands. The stock had previously closed at $6.63.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Diginex to a "hold" rating in a research report on Saturday, June 14th.

Diginex Price Performance

The stock has a 50 day simple moving average of $53.40.

Hedge Funds Weigh In On Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd acquired a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 6,447 shares of the company's stock, valued at approximately $572,000.

About Diginex

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL's business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.