Q: Thoughts on the volatility of these two companies share price?
5i Research Answer:
GLXY tends to move with a high correlation to cryptocurrenices, and we would expect this volatility to be part of the equation for this stock pretty much always. Its Beta vs the market is 1.74, so it more nearly twice the market (both ways). LMN has traded only a few days more than a year and we do not have a calculated Beta yet. The stock, depsite its fairly large size (fully diluted) is still a fairly thin trader. Shares have more than doubled in a year and it has shown some big moves. One fund owns 11% of the company and CSU owns a very large portion, and this makes other buyers/sellers more impactful to the stock price. The volatility does not really concern us. Volume on moves is still fairly low overall.