Galaxy Digital (TSE:GLXY) Stock Price Down 2.5% – Time to Sell?

Galaxy Digital Holdings Ltd. (TSE:GLXY) shares traded down 2.5% during mid-day trading on Monday . The company traded as low as C$26.93 and last traded at C$27.65. 775,305 shares traded hands during mid-day 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 objective 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 Stock Down 3.8 %

The firm’s fifty day simple moving average is C$27.77 and its 200-day simple moving average is C$21.73. The company has a market cap of C$5.96 billion, a PE ratio of 2.09 and a beta of 3.17.

Insider Activity at Galaxy Digital

In related news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital stock in a transaction dated 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 owned by corporate insiders.

Galaxy Digital Company Profile

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.