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

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

Analysts Set New Price Targets

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

Diginex Stock Performance

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

Hedge Funds Weigh In On Diginex

Several hedge funds and other institutional investors have recently made changes to their positions in DGNX. Quadrature Capital Ltd bought a new stake in Diginex during the 4th quarter valued at $74,000. Millennium Management LLC acquired a new stake in Diginex in the fourth quarter worth about $345,000. Engineers Gate Manager LP bought a new position in Diginex in the 4th quarter valued at about $91,000. Jane Street Group LLC bought a new position in Diginex in the 4th quarter valued at about $253,000. Finally, Goldman Sachs Group Inc. acquired a new position in Diginex during the 4th quarter valued at about $86,000.

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.