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

Galaxy Digital Holdings Ltd. (TSE:GLXY) reached a new 52-week high on Wednesday . The stock traded as high as C$27.18 and last traded at C$25.41, with a volume of 593180 shares changing hands. The stock had previously closed at C$25.87.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price objective on 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.

Galaxy Digital Price Performance

The business has a fifty day moving average price of C$17.40 and a two-hundred day moving average price of C$15.76. The firm has a market capitalization of C$3.15 billion, a price-to-earnings ratio of 4.74 and a beta of 3.17.

Insider Buying and Selling

In other Galaxy Digital news, Director Erin Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$18.00, for a total value of C$180,000.00. In other Galaxy Digital news, Director Christopher Charles Ferraro sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$18.70, for a total value of C$61,709.67. Also, Director Erin Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$18.00, for a total value of C$180,000.00. 2.07% of the stock is owned by corporate insiders.

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.