Galaxy Digital (TSE:GLXY) Hits New 52-Week High – Should You Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXY) reached a new 52-week high on Monday . The company traded as high as C$32.48 and last traded at C$31.96, with a volume of 142307 shares. The stock had previously closed at C$29.94.

Wall Street Analysts Forecast Growth

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

Galaxy Digital Stock Up 0.3 %

The stock’s 50-day simple moving average is C$26.59 and its two-hundred day simple moving average is C$19.91. The company has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 5.67 and a beta of 3.17.

Insider Buying and Selling

In related 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. 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.