Diginex (NASDAQ:DGNX) Stock Price Up 12% - Time to Buy?

Key Points

• Diginex shares jumped about 12% on Tuesday, trading as high as $18.06 and last at $15.22 (prior close $13.59) on 799,261 shares, roughly 35% below average session volume.
• Analyst sentiment remains negative: Weiss Ratings reiterated a Sell (e+) and MarketBeat shows an overall consensus rating of Sell.
• Several institutions made modest moves in Q3 — Bank of America increased its stake by 625% to 2,900 shares (~$42k) and firms like Armistice Capital and Baader Bank opened new positions, signaling limited but growing institutional interest.

Diginex Limited (NASDAQ:DGNX - Get Free Report) shot up 12% during trading on Tuesday . The company traded as high as $18.06 and last traded at $15.22. 799,261 shares were traded during trading, a decline of 35% from the average session volume of 1,234,579 shares. The stock had previously closed at $13.59.

Analyst Ratings Changes

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

Diginex Stock Up 6.7%

The stock has a 50 day moving average of $16.35 and a 200 day moving average of $11.22.

Institutional Trading of Diginex

A number of institutional investors and hedge funds have recently modified their holdings of DGNX. NewEdge Advisors LLC acquired a new position in Diginex in the third quarter valued at approximately $38,000. Bank of America Corp DE increased its position in Diginex by 625.0% in the third quarter. Bank of America Corp DE now owns 2,900 shares of the company's stock worth $42,000 after buying an additional 2,500 shares during the period. Quarry LP bought a new stake in Diginex in the third quarter valued at $44,000. Armistice Capital LLC acquired a new position in shares of Diginex during the third quarter valued at $144,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Diginex during the third quarter worth about $230,000.

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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