Galaxy Digital (TSE:GLXY) Shares Up 3.3% - Should You Buy?

Key Points

• Galaxy Digital Holdings Ltd.'s shares increased by 3.3% during Tuesday's trading, reaching a high of C$43.93 before closing at C$43.78.
• The company has a market capitalization of C$7.41 billion and operates across five business lines including trading and investment banking.
• Galaxy Digital's current price-to-earnings ratio stands at -50.91, indicating potential challenges in profitability.

Galaxy Digital Holdings Ltd. (TSE:GLXY - )'s stock price shot up 3.3% during trading on Tuesday . The stock traded as high as C$43.93 and last traded at C$43.78. 1,765,467 shares traded hands during trading, an increase of 42% from the average session volume of 1,238,968 shares. The stock had previously closed at C$42.39.

Galaxy Digital Stock Performance

The firm's 50-day moving average price is C$36.14 and its 200 day moving average price is C$27.44. The company has a market cap of C$7.41 billion, a price-to-earnings ratio of -50.91 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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