Galaxy Digital (TSE:GLXY) Stock Price Down 11.8% – Should You Sell?

Galaxy Digital Holdings Ltd. (TSE:GLXY) shares traded down 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.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their target price on shares of Galaxy Digital from C$20.00 to C$24.50 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Galaxy Digital Trading Up 1.9 %

The firm has a market capitalization of C$3.48 billion, a P/E ratio of 5.06 and a beta of 3.17. The firm has a 50 day moving average price of C$27.21 and a 200-day moving average price of C$20.50.

Insider Activity at Galaxy Digital

In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of the business’s 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. 2.07% of the stock is currently owned by insiders.

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.