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

Key Points

• Diginex shares gapped up pre-market (previous close $17.11, open $19.50) but were last trading at $17.42 on volume of 273,622 shares, and the report notes the stock is down about 2.0%.
• Weiss Ratings reiterated a Sell (e+) on Diginex, and MarketBeat data shows the stock's average analyst rating is currently Sell.
• Institutional moves include new stakes from Baader Bank and Y Intercept Hong Kong and an increase from Geode Capital, while the 50-day SMA ($15.70) sits above the 200-day SMA ($11.24), reflecting recent upward momentum.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.11, but opened at $19.50. Diginex shares last traded at $17.42, with a volume of 273,622 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Diginex in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Diginex Stock Down 2.0%

The firm has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $11.24.

Hedge Funds Weigh In On Diginex

Large investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft purchased a new stake in shares of Diginex in the third quarter valued at about $230,000. Y Intercept Hong Kong Ltd bought a new position in shares of Diginex during the 1st quarter worth approximately $572,000. Finally, Geode Capital Management LLC boosted its stake in shares of Diginex by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company's stock worth $994,000 after buying an additional 1,748 shares during the last 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.

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