Diginex (NASDAQ:DGNX) Releases Quarterly Earnings Results

Diginex (NASDAQ:DGNX) released its quarterly earnings results on Thursday. The company reported ($0.48) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.79 million for the quarter.

Diginex Stock Down 13.2%

DGNX stock traded down $0.20 during mid-day trading on Friday, reaching $1.32. 2,589,843 shares of the stock traded hands, compared to its average volume of 1,282,305. The business has a 50-day moving average of $1.22 and a two-hundred day moving average of $3.10. Diginex has a 52 week low of $0.85 and a 52 week high of $318.84.

Institutional Investors Weigh In On Diginex

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in Diginex during the 4th quarter valued at $345,000. Engineers Gate Manager LP acquired a new stake in Diginex in the 4th quarter worth $91,000. Jane Street Group LLC bought a new position in shares of Diginex during the 4th quarter worth about $253,000. Armistice Capital LLC bought a new position in shares of Diginex during the 3rd quarter worth about $144,000. Finally, PharVision Advisers LLC acquired a new position in shares of Diginex during the third quarter valued at about $262,000.

Analysts Set New Price Targets

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

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.