Diginex (NASDAQ:DGNX) Shares Gap Down - What's Next?

Key Points

• Diginex Limited (NASDAQ:DGNX) shares opened significantly lower at $15.25 after a previous close of $17.75, with stock recently trading at $15.38 and a volume of 225,477 shares.
• Analysts at Wall Street Zen have upgraded Diginex's rating to "hold", signaling cautious optimism for investors.
• An institutional investor, Y Intercept Hong Kong Ltd, recently acquired a new position in Diginex, purchasing 6,447 shares valued at approximately $572,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $17.75, but opened at $15.25. Diginex shares last traded at $15.38, with a volume of 225,477 shares trading hands.

Analysts Set New Price Targets

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

Diginex Trading Down 13.7%

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in shares of Diginex Limited (NASDAQ:DGNX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,447 shares of the company's stock, valued at approximately $572,000.

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.

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