Diginex (NASDAQ:DGNX) Stock Price Up 32.9% - What's Next?

Key Points

• Diginex Limited's stock price surged by 32.9% on Wednesday, reaching a peak of $13.16 before settling at $10.63.
• A hedge fund, Y Intercept Hong Kong Ltd, recently established a new stake in Diginex, acquiring 6,447 shares valued at approximately $572,000.
• Wall Street Zen upgraded Diginex to a "hold" rating, with the stock's 50-day and 200-day simple moving averages at $7.94 and $9.71, respectively.

Diginex Limited (NASDAQ:DGNX - Get Free Report) traded up 32.9% on Wednesday . The stock traded as high as $13.16 and last traded at $10.63. 328,020 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,324,889 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

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

Diginex Stock Performance

The company's 50-day simple moving average is $7.94 and its 200 day simple moving average is $9.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd acquired a new position in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.

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