Galaxy Digital (TSE:GLXY) Reaches New 52-Week High – Here’s What Happened

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXYGet Free Report) hit 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 Analysts Forecast Growth

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

Get Our Latest Report on Galaxy Digital

Galaxy Digital Price Performance

The firm has a market cap of C$3.45 billion, a P/E ratio of 5.01 and a beta of 3.17. The firm has a fifty day simple moving average of C$24.97 and a 200-day simple moving average of C$19.12.

Insider Buying and Selling

In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$25.00, for a total transaction of C$1,250,000.00. 2.07% of the stock is owned by company insiders.

Galaxy Digital Company Profile

(Get Free Report)

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.

Further Reading

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