Diginex (NASDAQ:DGNX) Sets New 12-Month High - What's Next?

Key Points

• Diginex Limited (NASDAQ:DGNX) shares reached a new 52-week high of $19.54, closing last at $16.43 with a trading volume of 734,211 shares.
• Wall Street Zen upgraded Diginex's rating to a "hold" on June 14th, signaling a more cautious outlook on the stock.
• Geode Capital Management LLC raised its stake in Diginex by 10%, indicating institutional confidence in the company’s prospects.

Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $19.54 and last traded at $16.43, with a volume of 734211 shares. The stock had previously closed at $13.60.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Diginex to a "hold" rating in a research note on Saturday, June 14th.

Diginex Trading Up 30.5%

The stock's 50-day moving average is $8.70 and its 200-day moving average is $9.95.

Institutional Trading of Diginex

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC boosted its holdings in Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,315 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Geode Capital Management LLC owned about 0.08% of Diginex worth $994,000 at the end of the most recent quarter.

Diginex Company Profile

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.