Nebius Group (NASDAQ:NBIS) Shares Down 2.9% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 2.9% during trading on Wednesday . The stock traded as low as $44.50 and last traded at $46.66. 8,051,000 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 11,936,872 shares. The stock had previously closed at $48.07.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and set a $51.00 price objective on shares of Nebius Group in a report on Tuesday, January 28th.

Nebius Group Stock Performance

The business has a 50 day simple moving average of $33.36. The stock has a market cap of $11.03 billion, a P/E ratio of -82.12 and a beta of 2.57.

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.