Galaxy Digital ( (TSE:GLXY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Galaxy Digital’s stock has been on the rise as Piper Sandler and Compass Point raised their price targets, driven by an updated model and promising growth prospects in its crypto business. Despite this, insider sentiment is negative with increased selling activity, leading to a minor decline. Analysts, however, continue to see the stock as undervalued with significant upside potential, maintaining a strong buy consensus.
More about Galaxy Digital
YTD Price Performance: 87.21%
Average Trading Volume: 8,890,481
Technical Sentiment Signal: Buy
Current Market Cap: $13.05B
For further insights into GLXY stock on TipRanks’ Stock Analysis page.
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