Galaxy Digital (TSE:GLXY) Trading 6% Higher – Should You Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXYGet Free Report) shares shot up 6% during trading on Wednesday . The stock traded as high as C$32.15 and last traded at C$31.24. 773,796 shares were traded during trading, a decline of 6% from the average session volume of 819,392 shares. The stock had previously closed at C$29.48.

Galaxy Digital Trading Up 6.0%

The firm’s 50 day simple moving average is C$34.48 and its 200-day simple moving average is C$39.62. The stock has a market capitalization of C$6.00 billion, a price-to-earnings ratio of -20.61 and a beta of 2.30.

Galaxy Digital (TSE:GLXYGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported C($1.48) earnings per share for the quarter. Galaxy Digital had a net margin of 364.19% and a return on equity of 83.38%. The company had revenue of C$14.03 billion during the quarter. As a group, equities research analysts predict that Galaxy Digital Holdings Ltd. will post 2.1003672 earnings per share for the current year.

About Galaxy Digital

(Get Free Report)

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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