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

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$30.59 and last traded at C$30.47, with a volume of 681568 shares traded. The stock had previously closed at C$28.96.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their target price on shares of 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.

Galaxy Digital Stock Performance

The firm has a market cap of C$3.29 billion, a P/E ratio of 4.77 and a beta of 3.17. The stock’s 50-day moving average is C$22.59 and its 200 day moving average is C$17.96.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, Director Erin Brown sold 10,000 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of C$18.00, for a total transaction of C$180,000.00. Also, Director Bill Koutsouras sold 50,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$25.00, for a total value of C$1,250,000.00. Insiders have sold a total of 63,300 shares of company stock valued at $1,491,710 over the last 90 days. 2.07% of the stock is owned by company 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.