Nebius Group (NASDAQ:NBIS) Shares Down 9% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 9% during mid-day trading on Friday . The stock traded as low as $41.45 and last traded at $42.07. 8,349,519 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 12,839,450 shares. The stock had previously closed at $46.25.

Analyst Ratings Changes

Separately, BWS Financial raised their target price on shares of Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday.

Nebius Group Stock Down 13.6 %

The firm has a market capitalization of $9.41 billion, a PE ratio of -69.91 and a beta of 2.57. The stock’s 50-day moving average is $34.19.

About Nebius Group

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.