Galaxy Digital (TSE:GLXY) Shares Down 2.6% – What’s Next?

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY) were down 2.6% during mid-day trading on Friday . The company traded as low as C$31.23 and last traded at C$32.99. Approximately 1,267,507 shares changed hands during trading, an increase of 1% from the average daily volume of 1,255,784 shares. The stock had previously closed at C$33.87.

Galaxy Digital Stock Down 2.6%

The company has a market cap of C$6.34 billion, a P/E ratio of 37.95 and a beta of 2.13. The company has a 50 day moving average price of C$47.97 and a 200-day moving average price of C$37.58.

Galaxy Digital (TSE:GLXY) last posted its quarterly earnings data on Tuesday, October 21st. The company reported C$1.01 earnings per share for the quarter. The business had revenue of C$39.55 billion during the quarter. Galaxy Digital had a net margin of 364.19% and a return on equity of 83.38%. On average, research analysts expect that Galaxy Digital Holdings Ltd. will post 2.1003672 earnings per share for the current fiscal year.

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.