Diginex (NASDAQ:DGNX) Stock Price Up 8.4% - Should You 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.

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

Analysts Set New Price Targets

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

Diginex Price Performance

The firm has a 50-day moving average price of $7.66.

Institutional Investors Weigh In On Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.