Galaxy Digital (TSE:GLXY) Stock Price Down 14.9%

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY) fell 14.9% during trading on Tuesday . The stock traded as low as C$13.64 and last traded at C$13.66. 2,213,156 shares traded hands during trading, an increase of 125% from the average session volume of 982,585 shares. The stock had previously closed at C$16.05.

Analysts Set New Price Targets

Separately, ATB Capital increased their price objective on shares of Galaxy Digital from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th.

Galaxy Digital Stock Performance

The company has a market capitalization of C$1.48 billion, a PE ratio of -8.73 and a beta of 3.18. The company’s 50-day moving average is C$13.10 and its 200 day moving average is C$9.75.

About Galaxy Digital

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot and derivative executions, and liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.