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

Key Points

• Diginex Limited shares gapped up before the market opened on Monday, starting at $55.00 after closing at $51.23, and traded at $55.33 with a volume of 23,401 shares.
• The company's shares are set to undergo an 8-for-1 stock split on August 1st, following an announcement made on July 7th.
• Wall Street Zen recently upgraded Diginex to a "hold" rating, indicating a cautious optimism for the stock's future performance.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $51.23, but opened at $55.00. Diginex shares last traded at $55.33, with a volume of 23,401 shares traded.

Wall Street Analyst Weigh In

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

Diginex Stock Down 5.2%

The company's 50-day moving average price is $53.72.

Diginex's stock is set to split before the market opens on Friday, August 1st. The 8-1 split was announced on Monday, July 7th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, July 31st.

Institutional Trading of Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.