Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) fell 11.8% on Monday . The company traded as low as C$28.45 and last traded at C$28.68. 735,996 shares traded hands during trading, a decline of 29% from the average session volume of 1,036,042 shares. The stock had previously closed at C$32.52.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus lifted 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.
Get Our Latest Analysis on Galaxy Digital
Galaxy Digital Price Performance
The company has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 4.97 and a beta of 3.17. The stock has a fifty day simple moving average of C$27.14 and a 200-day simple moving average of C$20.40.
Insider Activity at Galaxy Digital
In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was 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.
About Galaxy Digital
(
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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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