Galaxy Digital (TSE:GLXY) Sets New 1-Year High – Should You Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$31.45 and last traded at C$31.30, with a volume of 400078 shares traded. The stock had previously closed at C$29.44.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their target price on Galaxy Digital from C$20.00 to C$24.50 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Galaxy Digital Stock Performance

The stock has a 50-day moving average of C$24.53 and a 200-day moving average of C$18.95. The firm has a market cap of C$3.68 billion, a price-to-earnings ratio of 5.35 and a beta of 3.17.

Insider Activity

In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$25.00, for a total value of C$1,250,000.00. Insiders own 2.07% of the company’s stock.

Galaxy Digital Company Profile

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.