Nebius Group (NASDAQ:NBIS) Trading Down 0.6% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) fell 0.6% during trading on Thursday . The company traded as low as $35.80 and last traded at $36.78. 1,861,155 shares were traded during mid-day trading, a decline of 73% from the average session volume of 6,975,938 shares. The stock had previously closed at $37.02.

Analyst Ratings Changes

Separately, BWS Financial assumed coverage on shares of Nebius Group in a research report on Monday. They set a “buy” rating and a $51.00 price target for the company.

Nebius Group Price Performance

The firm has a market cap of $13.65 billion, a P/E ratio of -66.24 and a beta of 2.63. The business’s 50-day simple moving average is $27.23.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.