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Diginex (NASDAQ:DGNX) Shares Up 23% - What's Next?

Diginex logo with Business Services background

Key Points

  • Diginex Limited's shares surged 23% on Thursday, reaching a high of $39.85, though trading volume decreased by 32% compared to the average.
  • Analyst ratings are mixed, with Weiss Ratings maintaining a "sell" rating while Wall Street Zen upgraded the stock to "hold"; overall, it still has an average rating of "sell."
  • Institutional investor Y Intercept Hong Kong Ltd purchased a new stake in Diginex worth approximately $572,000 during the first quarter.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) shot up 23% during trading on Thursday . The stock traded as high as $39.85 and last traded at $38.11. 858,917 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,265,438 shares. The stock had previously closed at $30.99.

Analyst Ratings Changes

Several research firms have commented on DGNX. Weiss Ratings reissued a "sell (e+)" rating on shares of Diginex in a research report on Wednesday. Wall Street Zen raised shares of Diginex to a "hold" rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Read Our Latest Report on DGNX

Diginex Price Performance

The stock's 50 day moving average price is $10.84 and its two-hundred day moving average price is $10.67.

Hedge Funds Weigh In On Diginex

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

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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