Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) shares traded down 2.5% during mid-day trading on Monday . The stock traded as low as C$26.93 and last traded at C$27.65. 775,305 shares changed hands during trading, a decline of 25% from the average session volume of 1,029,405 shares. The stock had previously closed at C$28.37.
Analysts Set New Price Targets
Separately, Stifel Nicolaus boosted their price target on shares of Galaxy Digital from C$20.00 to C$24.50 and gave the company a "buy" rating in a report on Wednesday, October 30th.
Check Out Our Latest Research Report on GLXY
Galaxy Digital Price Performance
The company has a market cap of C$5.36 billion, a price-to-earnings ratio of 1.88 and a beta of 3.17. The firm's fifty day moving average price is C$27.74 and its 200-day moving average price is C$21.79.
Insider Activity
In related news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$25.00, for a total transaction of C$1,250,000.00. Corporate insiders own 2.07% of the company's stock.
Galaxy Digital Company Profile
(
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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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