Galaxy Digital (TSE:GLXY) Reaches New 12-Month High – Still a Buy?

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY) 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.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective 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 2.1 %

The firm has a market cap of C$3.69 billion, a P/E ratio of 5.36 and a beta of 3.17. The business has a fifty day simple moving average of C$22.10 and a 200-day simple moving average of C$17.80.

Insider Activity at Galaxy Digital

In other news, Director Christopher Charles Ferraro sold 3,300 shares of Galaxy Digital stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$18.70, for a total value of C$61,709.67. Also, Director Bill Koutsouras sold 50,000 shares of the 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. Insiders sold a total of 63,300 shares of company stock valued at $1,491,710 in the last three months. Company insiders own 2.07% of the company’s stock.

About Galaxy Digital

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.