Diginex (NASDAQ:DGNX) Stock Price Up 9.7% – Time to Buy?

Diginex Limited (NASDAQ:DGNX) was up 9.7% during trading on Friday . The company traded as high as $7.23 and last traded at $6.80. Approximately 599,300 shares were traded during trading, a decline of 50% from the average daily volume of 1,197,455 shares. The stock had previously closed at $6.20.

Analyst Upgrades and Downgrades

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

Diginex Price Performance

The business’s 50-day moving average price is $13.92 and its 200 day moving average price is $11.04.

Institutional Trading of Diginex

A number of large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL purchased a new position in shares of Diginex during the third quarter worth about $168,000. NewEdge Advisors LLC bought a new position in shares of Diginex in the 3rd quarter worth $38,000. Armistice Capital LLC purchased a new stake in shares of Diginex during the 3rd quarter valued at $144,000. PharVision Advisers LLC purchased a new stake in shares of Diginex during the 3rd quarter valued at $262,000. Finally, Quarry LP bought a new stake in shares of Diginex during the 3rd quarter worth $44,000.

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.