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Galaxy Digital (TSE:GLXY) Stock Price Up 18.4% - Still a Buy?

Galaxy Digital logo with Financial Services background

Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report)'s share price was up 18.4% during mid-day trading on Tuesday . The stock traded as high as C$18.38 and last traded at C$18.21. Approximately 1,683,477 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 1,161,285 shares. The stock had previously closed at C$15.38.

Galaxy Digital Stock Performance

The business's 50 day moving average price is C$18.18 and its 200-day moving average price is C$22.54. The company has a market cap of C$4.29 billion, a price-to-earnings ratio of 1.50 and a beta of 3.17.

Galaxy Digital Company Profile

(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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