Galaxy Digital (TSE:GLXY) Stock Price Up 11.5% – Still a Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXY) was up 11.5% during mid-day trading on Wednesday . The company traded as high as C$31.63 and last traded at C$31.49. Approximately 190,068 shares traded hands during trading, a decline of 75% from the average daily volume of 774,564 shares. The stock had previously closed at C$28.25.

Galaxy Digital Stock Performance

The stock has a market cap of C$6.30 billion, a P/E ratio of -21.62 and a beta of 2.30. The company has a debt-to-equity ratio of 276.95, a current ratio of 1.60 and a quick ratio of 1.44. The stock’s 50 day simple moving average is C$34.17 and its two-hundred day simple moving average is C$39.36.

Galaxy Digital (TSE:GLXY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported C($1.48) EPS for the quarter. The company had revenue of C$13.02 billion for the quarter. Galaxy Digital had a return on equity of 27.63% and a net margin of 0.74%. As a group, research analysts forecast that Galaxy Digital Holdings Ltd. will post 2.1003672 EPS for the current 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.