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

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY) dropped 2.5% on Monday . The company traded as low as C$26.93 and last traded at C$27.65. Approximately 775,305 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,029,405 shares. The stock had previously closed at C$28.37.

Wall Street Analysts Forecast Growth

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

Galaxy Digital Stock Performance

The stock has a fifty day simple moving average of C$27.82 and a 200-day simple moving average of C$21.63. The stock has a market cap of C$6.51 billion, a P/E ratio of 2.28 and a beta of 3.17.

Insider Buying and Selling

In other Galaxy Digital news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$25.00, for a total value 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.