Diginex (NASDAQ:DGNX) Stock Rating Lowered by Wall Street Zen

Diginex (NASDAQ:DGNX) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Diginex Price Performance

NASDAQ DGNX opened at $1.10 on Friday. Diginex has a one year low of $1.03 and a one year high of $39.85. The company’s 50-day simple moving average is $5.74 and its two-hundred day simple moving average is $10.27.

Institutional Trading of Diginex

A number of hedge funds and other institutional investors have recently made changes to their positions in DGNX. Geode Capital Management LLC increased its stake in shares of Diginex by 10.0% during the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after purchasing an additional 1,748 shares in the last quarter. 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 buying an additional 2,500 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Diginex in the 3rd quarter worth about $38,000. Quarry LP purchased a new stake in Diginex during the 3rd quarter worth approximately $44,000. Finally, Armistice Capital LLC acquired a new position in shares of Diginex during the third quarter valued at approximately $144,000.

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.