Diginex (NASDAQ:DGNX) Stock Price Down 7.4% – What’s Next?

Diginex Limited (NASDAQ:DGNX) shares fell 7.4% during mid-day trading on Friday . The company traded as low as $1.33 and last traded at $1.37. 633,330 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 565,462 shares. The stock had previously closed at $1.48.

Analyst Upgrades and Downgrades

DGNX has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Diginex from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Friday, August 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Diginex Trading Down 7.4%

The company has a 50 day moving average price of $1.35 and a 200 day moving average price of $2.27.

Diginex (NASDAQ:DGNX) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million for the quarter.

Insider Activity at Diginex

In other news, Director Miles Christian Pelham sold 6,908,540 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1.00, for a total value of $6,908,540.00. Following the completion of the transaction, the director owned 731,707 shares in the company, valued at $731,707. This trade represents a 90.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Diginex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in Diginex in the 4th quarter valued at approximately $345,000. Jane Street Group LLC purchased a new stake in Diginex during the 4th quarter worth about $253,000. Armistice Capital LLC acquired a new position in Diginex in the 3rd quarter valued at about $144,000. PharVision Advisers LLC purchased a new position in Diginex in the 3rd quarter valued at about $262,000. Finally, UBS Group AG lifted its holdings in Diginex by 562.8% in the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares in the last quarter.

Diginex Company Profile

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.