Galaxy Digital (OTCMKTS:BRPHF) Shares Down 4.2% – Should You Sell?

Galaxy Digital Holdings Ltd. (OTCMKTS:BRPHF)’s share price dropped 4.2% during trading on Thursday . The company traded as low as $21.13 and last traded at $21.91. Approximately 946,093 shares traded hands during trading, an increase of 289% from the average daily volume of 243,406 shares. The stock had previously closed at $22.87.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued an “overweight” rating and set a $42.00 price objective on shares of Galaxy Digital in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.00.

Galaxy Digital Stock Performance

The company has a 50-day moving average of $21.91 and a two-hundred day moving average of $21.91.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd., operating under the ticker OTCMKTS:BRPHF, is a diversified financial services and investment management company dedicated to the digital asset, cryptocurrency, and blockchain technology sectors. Founded in 2018 by Michael Novogratz, Galaxy Digital bridges the gap between traditional finance and the emerging world of digital assets. The firm provides a full range of services including trading, asset management, principal investments, advisory services and mining infrastructure, catering to a broad spectrum of institutional, corporate and individual clients.

Galaxy Digital’s trading division offers market-making, over-the-counter (OTC) execution and prime brokerage services for leading cryptocurrencies.