Galaxy Digital (TSE:GLXY) Trading Down 7.6%

Galaxy Digital Holdings Ltd. (TSE:GLXY) traded down 7.6% during trading on Tuesday . The stock traded as low as C$11.80 and last traded at C$12.10. 1,422,066 shares were traded during mid-day trading, an increase of 45% from the average session volume of 980,190 shares. The stock had previously closed at C$13.09.

Analysts Set New Price Targets

Separately, ATB Capital raised their price objective on shares of Galaxy Digital from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th.

Galaxy Digital Price Performance

The business’s 50 day moving average is C$13.31 and its 200-day moving average is C$10.52. The company has a market cap of C$1.33 billion, a PE ratio of -7.81 and a beta of 3.18.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot and derivative executions, and liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.