Wall Street Zen Downgrades Diginex (NASDAQ:DGNX) to Strong Sell

Diginex (NASDAQ:DGNX) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex presently has a consensus rating of “Sell”.

Diginex Price Performance

Shares of DGNX stock opened at $1.32 on Friday. Diginex has a 52 week low of $0.85 and a 52 week high of $318.84. The firm has a 50 day moving average of $1.23 and a 200-day moving average of $3.04.

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

Institutional Investors Weigh In On Diginex

A number of hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Diginex during the fourth quarter valued at approximately $345,000. Jane Street Group LLC bought a new position in shares of Diginex in the 4th quarter worth $253,000. UBS Group AG grew its position in Diginex by 562.8% in the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares during the period. Engineers Gate Manager LP acquired a new stake in Diginex in the 4th quarter valued at $91,000. Finally, Goldman Sachs Group Inc. bought a new stake in Diginex during the 4th quarter valued at $86,000.

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.