Diginex (NASDAQ:DGNX) Shares Down 7.4% – Here’s What Happened

Diginex Limited (NASDAQ:DGNX)’s stock price was down 7.4% during mid-day trading on Thursday . The company traded as low as $0.85 and last traded at $0.85. 313,233 shares were traded during trading, a decline of 73% from the average daily volume of 1,158,105 shares. The stock had previously closed at $0.9176.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Diginex Trading Down 7.4%

The business’s 50-day moving average is $1.72 and its two-hundred day moving average is $12.58.

Institutional Investors Weigh In On Diginex

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in shares of Diginex in the third quarter valued at about $38,000. Bank of America Corp DE boosted its holdings in Diginex by 625.0% in the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after acquiring an additional 2,500 shares during the period. Quarry LP purchased a new position in Diginex in the 3rd quarter worth approximately $44,000. Quadrature Capital Ltd acquired a new stake in Diginex in the fourth quarter valued at approximately $74,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Diginex in the fourth quarter valued at approximately $86,000.

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.