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Diginex (NASDAQ:DGNX) Shares Gap Up - Time to Buy?

Diginex logo with Business Services background

Key Points

  • Diginex Limited (NASDAQ:DGNX) experienced a jump in stock price, opening at $63.00 after previously closing at $60.25.
  • Wall Street Zen upgraded Diginex to a "hold" rating recently, indicating a cautious sentiment towards the stock.
  • An institutional investor, Geode Capital Management, increased its stake by 10% in the second quarter, acquiring an additional 1,748 shares.
  • Five stocks to consider instead of Diginex.

Diginex Limited (NASDAQ:DGNX - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $60.25, but opened at $63.00. Diginex shares last traded at $59.70, with a volume of 2,264 shares changing hands.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on DGNX

Diginex Trading Down 1.9%

The company has a fifty day moving average of $54.62 and a two-hundred day moving average of $67.93.

Shares of Diginex are set to split on Monday, September 8th. The 7-1 split was announced on Monday, August 18th. The newly minted shares will be payable to shareholders after the closing bell on Friday, September 5th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Diginex stock. Geode Capital Management LLC raised its stake in shares of 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 & Exchange Commission. The fund owned 19,315 shares of the company's stock after purchasing an additional 1,748 shares during the period. Geode Capital Management LLC owned 0.08% of Diginex worth $994,000 at the end of the most recent quarter.

Diginex Company Profile

(Get Free Report)

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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