Diginex (NASDAQ:DGNX) Trading Up 13.2% – Still a Buy?

Diginex Limited (NASDAQ:DGNX)’s share price traded up 13.2% during mid-day trading on Tuesday . The company traded as high as $2.85 and last traded at $2.74. 1,184,955 shares were traded during trading, a decline of 40% from the average session volume of 1,983,024 shares. The stock had previously closed at $2.42.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diginex presently has an average rating of “Sell”.

Diginex Stock Up 5.0%

The firm’s 50 day moving average price is $9.54 and its 200-day moving average price is $10.82.

Institutional Trading of Diginex

A number of institutional investors and hedge funds have recently modified their holdings of DGNX. Geode Capital Management LLC raised its stake in shares of Diginex by 10.0% in the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after purchasing an additional 1,748 shares during the last quarter. Bank of America Corp DE lifted its stake in Diginex by 625.0% during the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after acquiring an additional 2,500 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Diginex during the 3rd quarter valued at about $38,000. Quarry LP purchased a new position in shares of Diginex during the third quarter valued at approximately $44,000. Finally, Armistice Capital LLC bought a new position in Diginex during the third quarter valued at approximately $144,000.

About Diginex

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.