Diginex (NASDAQ:DGNX) Shares Down 3.9% – What’s Next?

Diginex Limited (NASDAQ:DGNX) shares fell 3.9% during mid-day trading on Wednesday . The stock traded as low as $10.60 and last traded at $10.94. 159,188 shares were traded during trading, a decline of 87% from the average session volume of 1,231,732 shares. The stock had previously closed at $11.38.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Diginex has a consensus rating of “Sell”.

Diginex Stock Down 4.7%

The company has a 50 day moving average of $16.75 and a two-hundred day moving average of $11.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DGNX. UBS Group AG grew its holdings in Diginex by 562.8% in the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after purchasing an additional 39,179 shares during the period. Geode Capital Management LLC lifted its holdings 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 valued at $994,000 after purchasing an additional 1,748 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of Diginex in the 3rd quarter worth approximately $144,000. PharVision Advisers LLC purchased a new stake in shares of Diginex in the 3rd quarter worth approximately $262,000. Finally, Quarry LP bought a new position in Diginex during the 3rd quarter valued at approximately $44,000.

Diginex Company Profile

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL’s business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.