Galaxy Digital (TSE:GLXY) Hits New 12-Month High - Should You Buy?

Key Points

• Galaxy Digital Holdings Ltd. has reached a new 52-week high, trading at C$58.88 and closing at C$55.76 with a volume of 1.7 million shares.
• The company's market capitalization stands at C$9.61 billion, and it has a P/E ratio of -64.84, indicating a significant period of negative earnings.
• Galaxy Digital operates across five business lines including trading, asset management, and investment banking, focusing on digital assets and blockchain technology.

Galaxy Digital Holdings Ltd. (TSE:GLXY - )'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$58.88 and last traded at C$55.76, with a volume of 1706998 shares traded. The stock had previously closed at C$54.16.

Galaxy Digital Price Performance

The firm has a market capitalization of C$9.61 billion, a P/E ratio of -64.84 and a beta of 2.09. The firm has a 50-day moving average price of C$39.56 and a two-hundred day moving average price of C$30.37.

Galaxy Digital Company Profile

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.

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