Diginex (NASDAQ:DGNX) Trading Down 7.1% – Here’s Why

Diginex Limited (NASDAQ:DGNX)’s share price fell 7.1% during mid-day trading on Monday . The stock traded as low as $2.81 and last traded at $2.86. 245,852 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,813,212 shares. The stock had previously closed at $3.08.

Wall Street Analysts Forecast Growth

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

Diginex Price Performance

The firm’s 50-day moving average is $9.97 and its 200 day moving average is $10.85.

Hedge Funds Weigh In On Diginex

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new stake in Diginex during the 3rd quarter worth approximately $38,000. Bank of America Corp DE raised its holdings in 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 in the last quarter. Quarry LP purchased a new position in Diginex during the third quarter worth about $44,000. Armistice Capital LLC acquired a new stake in Diginex in the third quarter valued at about $144,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Diginex in the 3rd quarter valued at approximately $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.