Galaxy Digital (TSE:GLXY) Hits New 12-Month High – Time to Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXY) reached a new 52-week high during trading on Monday . The company traded as high as C$31.45 and last traded at C$31.30, with a volume of 400078 shares changing hands. 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 company a “buy” rating in a research note on Wednesday, October 30th.

Galaxy Digital Stock Performance

The firm has a fifty day moving average price of C$24.97 and a 200 day moving average price of C$19.12. The company has a market cap of C$3.45 billion, a price-to-earnings ratio of 5.01 and a beta of 3.17.

Insiders Place Their Bets

In other news, Director Bill Koutsouras sold 50,000 shares of the firm’s stock in a transaction that occurred 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. Company 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.