Nebius Group (NASDAQ:NBIS) Shares Down 1.1% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 1.1% during trading on Wednesday . The stock traded as low as $35.70 and last traded at $36.47. 4,965,493 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 6,869,240 shares. The stock had previously closed at $36.89.

Analyst Ratings Changes

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

Nebius Group Price Performance

The company’s 50 day moving average price is $26.88. The stock has a market cap of $13.11 billion, a P/E ratio of -63.65 and a beta of 2.63.

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.