Galaxy Digital (BRPHF, $2.88) gets Buy rating from Rosenblatt analyst
Rosenblatt analyst Andrew Bond initiated coverage of Galaxy Digital Holdings Ltd. with a Buy rating and a C$6.30 price target. Galaxy operates in digital asset, cryptocurrency, and blockchain technology industry, and is involved in segments such as Trading, Asset Management, Investment Banking, and Mining.
According to Bond, Galaxy Digital has a business model that can withstand volatility and, even thrive on it in some cases. While the FTX debacle will cause near-term slowing of industry growth, Bond indicated that Galaxy is still gaining market share from prominent players, thanks to Galaxy’s better compliance with risk management and transparency as well as its strong balance sheet. Bond believes that Galaxy’s investment capabilities-driven growth will be further supplemented by its operating businesses and prime brokerage services.
Bond is of the opinion that regulation of the cryptocurrency market supports Galaxy’s business model.
BRPHF sees its Stochastic Oscillator ascends from oversold territory
On May 31, 2023, the Stochastic Oscillator for BRPHF moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 59 instances where the indicator left the oversold zone. In of the 59 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
BRPHF moved above its 50-day moving average on May 26, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BRPHF advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 197 cases where BRPHF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BRPHF as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BRPHF turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BRPHF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRPHF broke above its upper Bollinger Band on May 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BRPHF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.269) is normal, around the industry mean (3.587). P/E Ratio (6.592) is within average values for comparable stocks, (36.378). BRPHF's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.330). BRPHF has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (4.275) is also within normal values, averaging (104.363).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BRPHF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.
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