Diginex (NASDAQ:DGNX) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Diginex (NASDAQ:DGNX) from a sell rating to a strong sell rating in a research report released on Saturday morning.

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

Diginex Price Performance

Shares of DGNX opened at $1.32 on Friday. The company’s 50-day moving average is $1.23 and its 200-day moving average is $3.09. Diginex has a fifty-two week low of $0.85 and a fifty-two week high of $318.84.

Diginex (NASDAQ:DGNX) last posted its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million for the quarter.

Hedge Funds Weigh In On Diginex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after acquiring an additional 1,748 shares during the period. Bank of America Corp DE increased its position in shares of Diginex by 625.0% in 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. NewEdge Advisors LLC bought a new position in shares of Diginex in the third quarter worth $38,000. Quarry LP acquired a new position in Diginex in the third quarter valued at about $44,000. Finally, Armistice Capital LLC bought a new stake in Diginex during the third quarter worth about $144,000.

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.