Galaxy Digital Holdings Stock Today
| GLXY Stock | CAD 13.23 0.27 2.08% |
Performance10 of 100
| Odds Of DistressLess than 6
|
Galaxy Digital is selling at 13.23 as of the 5th of May 2024; that is 2.08 percent increase since the beginning of the trading day. The stock's open price was 12.96. Galaxy Digital has only a 6 % chance of going through financial distress over the next few years and had a ok performance during the last 90 days. Equity ratings for Galaxy Digital Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Financial Services | Classification Financials |
Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. Galaxy Digital Holdings Ltd. is headquartered in New York, New York. GALAXY DIGITAL is traded on Toronto Stock Exchange in Canada. The company has 121.64 M outstanding shares of which 756.81 K shares are currently shorted by private and institutional investors with about 1.39 days to cover all short positions. More on Galaxy Digital Holdings
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Galaxy Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Galaxy Digital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Galaxy Digital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Sales | Leon Marshall |
| Business Concentration | Investment Banking & Brokerage, Financial Services, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) |
Galaxy Digital Holdings (GLXY) is traded on Toronto Exchange in Canada and employs 434 people. Galaxy Digital is listed under Investment Banking & Brokerage category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Galaxy Digital's market, we take the total number of its shares issued and multiply it by Galaxy Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Galaxy Digital Holdings operates under Capital Markets sector and is part of Financials industry. The entity has 121.64 M outstanding shares of which 756.81 K shares are currently shorted by private and institutional investors with about 1.39 days to cover all short positions.
Galaxy Digital Holdings has accumulated about 8.71 M in cash with (16.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
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Ownership AllocationGalaxy Digital Holdings has a total of 121.64 Million outstanding shares. Roughly 85.0 (percent) of Galaxy Digital outstanding shares are held by general public with 1.98 % owned by insiders and only 13.1 pct. by outside corporations. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Galaxy Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Galaxy Digital jumping above the current price in 90 days from now is about 38.52%. The Galaxy Digital Holdings probability density function shows the probability of Galaxy Digital stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 2.387. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Galaxy Digital will likely underperform. Additionally, galaxy Digital Holdings has an alpha of 0.4359, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Galaxy Digital to move above the current price in 90 days from now is about 38.52 (This Galaxy Digital Holdings probability density function shows the probability of Galaxy Stock to fall within a particular range of prices over 90 days) .
Galaxy Digital Holdings Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Galaxy Digital market risk premium is the additional return an investor will receive from holding Galaxy Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Galaxy Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Galaxy Digital's alpha and beta are two of the key measurements used to evaluate Galaxy Digital's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.69 | |||
| Semi Deviation | 4.35 | |||
| Standard Deviation | 5.09 | |||
| Variance | 25.96 |
Galaxy Stock Against Markets
Picking the right benchmark for Galaxy Digital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Galaxy Digital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Galaxy Digital is critical whether you are bullish or bearish towards Galaxy Digital Holdings at a given time. Please also check how Galaxy Digital's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galaxy Digital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Galaxy Digital Corporate Management
Elected by the shareholders, the Galaxy Digital's board of directors comprises two types of representatives: Galaxy Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galaxy. The board's role is to monitor Galaxy Digital's management team and ensure that shareholders' interests are well served. Galaxy Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Galaxy Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jennifer Lee | Chief Officer | Profile | |
| Michael Novogratz | CEO Founder | Profile | |
| Michael Daffey | Chairman Advisor | Profile | |
| Andrew JD | General Officer | Profile |
How to buy Galaxy Stock?
Before investing in Galaxy Digital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Galaxy Digital. To buy Galaxy Digital stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Galaxy Digital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Galaxy Digital stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Galaxy Digital Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Galaxy Digital Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Galaxy Digital Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Galaxy Digital Holdings?
The danger of trading Galaxy Digital Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Galaxy Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Galaxy Digital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Galaxy Digital Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Digital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Galaxy Stock analysis
When running Galaxy Digital's price analysis, check to measure Galaxy Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galaxy Digital is operating at the current time. Most of Galaxy Digital's value examination focuses on studying past and present price action to predict the probability of Galaxy Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galaxy Digital's price. Additionally, you may evaluate how the addition of Galaxy Digital to your portfolios can decrease your overall portfolio volatility.
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