Galaxy Digital (TSE:GLXY) Sets New 52-Week High - Still a Buy?

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$31.45 and last traded at C$31.30, with a volume of 400078 shares. The stock had previously closed at C$29.44.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price target 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 Stock Up 1.3 %

The stock's 50 day moving average is C$24.77 and its 200 day moving average is C$19.05. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of 5.41 and a beta of 3.17.

Insider Transactions at Galaxy Digital

In other news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital 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. Corporate 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.