Diginex (NASDAQ:DGNX) Shares Gap Up - Still a Buy?

Key Points

• Diginex Limited's stock price opened at $15.00 after closing at $14.00, with last trading at $14.80 and a volume of 280,672 shares.
• Weiss Ratings maintained a "sell (e+)" rating on Diginex, contributing to a consensus rating of "Sell" among analysts.
• Geode Capital Management LLC increased its stake in Diginex by 10%, now owning 19,315 shares worth approximately $994,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.00, but opened at $15.00. Diginex shares last traded at $14.80, with a volume of 280,672 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Diginex in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Diginex currently has a consensus rating of "Sell".

Diginex Price Performance

The firm has a 50-day moving average price of $13.67 and a 200-day moving average price of $11.06.

Institutional Trading of Diginex

An institutional investor recently raised its position in Diginex stock. Geode Capital Management LLC increased its stake in Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,315 shares of the company's stock after buying an additional 1,748 shares during the period. Geode Capital Management LLC owned 0.08% of Diginex worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

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.

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