Galaxy Digital (TSE:GLXY) Hits New 12-Month High – What’s Next?

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price hit a new 52-week high on Monday . The stock traded as high as C$32.48 and last traded at C$31.96, with a volume of 142307 shares changing hands. The stock had previously closed at C$29.94.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price objective on shares of Galaxy Digital from C$20.00 to C$24.50 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Galaxy Digital Trading Up 6.1 %

The stock has a market cap of C$3.97 billion, a P/E ratio of 5.77 and a beta of 3.17. The business’s fifty day simple moving average is C$26.48 and its 200 day simple moving average is C$19.83.

Insider Buying and Selling

In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of the business’s stock in a transaction that occurred 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. 2.07% of the stock is currently owned by company 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.