Galaxy Digital (TSE:GLXY) Trading Up 11.5% – Should You Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s stock price shot up 11.5% during trading on Wednesday . The company traded as high as C$31.63 and last traded at C$31.49. 190,068 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 774,564 shares. The stock had previously closed at C$28.25.

Galaxy Digital Price Performance

The stock has a market cap of C$5.92 billion, a price-to-earnings ratio of -20.49 and a beta of 1.19. The company has a 50 day simple moving average of C$34.12 and a 200-day simple moving average of C$39.26. The company has a quick ratio of 1.44, a current ratio of 1.60 and a debt-to-equity ratio of 276.95.

Galaxy Digital (TSE:GLXY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported C($1.48) earnings per share for the quarter. Galaxy Digital had a net margin of 0.74% and a return on equity of 27.63%. The firm had revenue of C$13.02 billion during the quarter. As a group, research analysts anticipate that Galaxy Digital Holdings Ltd. will post 2.1003672 EPS for the current fiscal year.

Galaxy Digital Company Profile

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.