Nebius Group (NASDAQ:NBIS) Trading Up 2% – What’s Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS) traded up 2% during trading on Thursday . The stock traded as high as $40.38 and last traded at $40.07. 3,006,373 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 10,544,776 shares. The stock had previously closed at $39.30.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $51.00 target price on shares of Nebius Group in a research note on Tuesday, January 28th.

Nebius Group Trading Up 1.7 %

The stock has a market cap of $9.41 billion, a P/E ratio of -70.10 and a beta of 2.57. The company has a 50 day simple moving average of $32.74.

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.