Galaxy Digital (NASDAQ:GLXY) Hits New 12-Month Low – What’s Next?

Posted by Francis Steltz on Oct 23rd, 2026

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $15.03 and last traded at $15.76, with a volume of 10,430,955 shares changing hands. The stock had previously closed at $15.72.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings raised Galaxy Digital from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Citigroup upgraded Galaxy Digital from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a research note on Tuesday, October 13th. Chardan Capital reaffirmed a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a research report on Wednesday, August 5th. Maxim Group cut their target price on Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.92.

View Our Latest Stock Report on Galaxy Digital

Galaxy Digital Price Performance

The company’s 50 day simple moving average is $22.54 and its two-hundred day simple moving average is $25.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27. The firm had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities analysts predict that Galaxy Digital Inc. will post -0.58 earnings per share for the current fiscal year.

Insider Activity at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the purchase, the director owned 71,000 shares in the company, valued at $1,529,340. This represents a 20.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew W. Friedrich sold 4,993 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value of $134,960.79. Following the completion of the sale, the insider directly owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. This represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Galaxy Digital

Several hedge funds have recently modified their holdings of GLXY. Public Employees Retirement System of Ohio acquired a new stake in Galaxy Digital in the 2nd quarter worth approximately $1,456,000. State Street Corp grew its position in Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock worth $104,821,000 after purchasing an additional 1,913,688 shares during the last quarter. Riposte Capital LLC acquired a new position in Galaxy Digital during the 1st quarter valued at approximately $2,952,000. Bank of America Corp DE increased its stake in Galaxy Digital by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after purchasing an additional 605,986 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Galaxy Digital during the 2nd quarter valued at approximately $1,227,000.

About Galaxy Digital

(Get Free Report)

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.