Diginex (NASDAQ:DGNX) Reaches New 52-Week High - Still a 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 reached a new 52-week high on Friday . The stock traded as high as $53.50 and last traded at $51.75, with a volume of 7496 shares trading hands. The stock had previously closed at $6.63.

Wall Street Analysts Forecast Growth

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

Diginex Stock Up 741.8%

The firm's 50 day moving average price is $7.66.

Institutional Investors Weigh In On Diginex

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to the company in its most recent disclosure 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.