Galaxy Digital (TSE:GLXY) Reaches New 1-Year High - Time to Buy?

Key Points

• Galaxy Digital Holdings Ltd. (TSE:GLXY) reached a new 52-week high with shares trading as high as C$49.69 during recent trading.
• The company has a market cap of C$8.29 billion and operates in the digital assets and blockchain technology industry through five business lines.
• The stock's price-to-earnings ratio is -56.92, indicating potential volatility in its investment appeal.

Galaxy Digital Holdings Ltd. (TSE:GLXY - )'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$49.69 and last traded at C$49.34, with a volume of 495008 shares changing hands. The stock had previously closed at C$47.07.

Galaxy Digital Trading Up 4.0%

The firm has a fifty day simple moving average of C$38.82 and a 200 day simple moving average of C$29.34. The stock has a market cap of C$8.29 billion, a price-to-earnings ratio of -56.92 and a beta of 2.05.

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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