Galaxy Digital (TSE:GLXY) Sets New 1-Year High at $18.55

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$18.55 and last traded at C$18.40, with a volume of 35971 shares trading hands. The stock had previously closed at C$18.11.

Wall Street Analyst Weigh In

Separately, ATB Capital lifted their price target on shares of Galaxy Digital from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th.

Galaxy Digital Stock Performance

The company has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 2.98 and a beta of 3.21. The firm has a 50-day simple moving average of C$14.98 and a two-hundred day simple moving average of C$13.08.

Insider Transactions at Galaxy Digital

In related news, Director Francesca Don Angelo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$15.00, for a total value of C$150,000.00. In related news, Director Francesca Don Angelo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$15.00, for a total value of C$150,000.00. Also, Director Erin Brown sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$15.58, for a total value of C$77,915.00. Over the last ninety days, insiders sold 161,668 shares of company stock valued at $2,394,023. 1.98% of the stock is currently owned by corporate insiders.

About Galaxy Digital

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.