Galaxy Digital (TSE:GLXY) Shares Down 0.6% – What’s Next?

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s stock price fell 0.6% during mid-day trading on Tuesday . The company traded as low as C$33.16 and last traded at C$33.68. 391,555 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,221,929 shares. The stock had previously closed at C$33.87.

Galaxy Digital Stock Down 0.6%

The firm has a 50 day simple moving average of C$41.95 and a two-hundred day simple moving average of C$38.81. The stock has a market capitalization of C$6.47 billion, a P/E ratio of 60.14 and a beta of 2.48.

Galaxy Digital (TSE:GLXY) last posted its quarterly earnings results on Monday, November 10th. The company reported C$1.41 EPS for the quarter. Galaxy Digital had a return on equity of 83.38% and a net margin of 364.19%.The company had revenue of C$39.55 billion during the quarter. On average, research analysts predict that Galaxy Digital Holdings Ltd. will post 2.1003672 earnings per share for the current year.

About Galaxy Digital

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.