Diginex (NASDAQ:DGNX) Trading Down 3.7% – Should You Sell?

Shares of Diginex Limited (NASDAQ:DGNX) dropped 3.7% on Monday . The stock traded as low as $6.55 and last traded at $6.72. Approximately 129,144 shares were traded during trading, a decline of 89% from the average daily volume of 1,193,726 shares. The stock had previously closed at $6.98.

Wall Street Analysts Forecast Growth

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

Diginex Trading Up 0.9%

The business has a 50-day moving average of $13.56 and a two-hundred day moving average of $11.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DGNX. NewEdge Advisors LLC bought a new stake in Diginex during the 3rd quarter worth approximately $38,000. Bank of America Corp DE lifted its holdings in shares of Diginex by 625.0% during the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the period. Quarry LP bought a new stake in shares of Diginex in the third quarter worth $44,000. Armistice Capital LLC acquired a new stake in shares of Diginex in the third quarter valued at about $144,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Diginex in the third quarter valued at about $168,000.

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.