Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$30.59 and last traded at C$30.47, with a volume of 681568 shares. The stock had previously closed at C$28.96.
Analysts Set New Price Targets
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 note on Wednesday, October 30th.
View Our Latest Stock Analysis on Galaxy Digital
Galaxy Digital Stock Up 2.1 %
The firm's 50-day simple moving average is C$22.10 and its 200-day simple moving average is C$17.80. The firm has a market capitalization of C$3.69 billion, a P/E ratio of 5.36 and a beta of 3.17.
Insiders Place Their Bets
In related 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 transaction of C$61,709.67. Also, Director Erin Brown sold 10,000 shares of the 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. Insiders sold a total of 63,300 shares of company stock valued at $1,491,710 over the last quarter. 2.07% of the stock is owned by corporate insiders.
About Galaxy Digital
(
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.
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