Diginex (NASDAQ:DGNX) Trading 8.4% Higher - Still a Buy?

Key Points

• Diginex Limited shares rose by 8.4% during mid-day trading, reaching a high of $59.00 before closing at $58.56.
• The stock will undergo an 8-for-1 split on August 1st, 2023, which was announced in early July.
• Recent analyst updates have maintained a "hold" rating on Diginex, indicating cautious optimism amidst changing trading volumes.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s stock price rose 8.4% on Tuesday . The company traded as high as $59.00 and last traded at $58.56. Approximately 5,310 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 195,757 shares. The stock had previously closed at $54.02.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Diginex to a "hold" rating in a research note on Saturday, June 14th.

Diginex Stock Performance

The firm's fifty day moving average price is $53.49.

Hedge Funds Weigh In On Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,447 shares of the company's stock, valued at approximately $572,000.

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.