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

Galaxy Digital Holdings Ltd. (TSE:GLXY) shares hit a new 52-week high during mid-day trading on Monday . The company 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 target price 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 Stock Up 0.3 %

The firm has a 50-day moving average of C$26.59 and a two-hundred day moving average of C$19.91. The company has a market capitalization of C$3.91 billion, a PE ratio of 5.67 and a beta of 3.17.

Insider Transactions at Galaxy Digital

In other news, Director Bill Koutsouras sold 50,000 shares of the business’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 value of C$1,250,000.00. Company insiders own 2.07% of the company’s stock.

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.