Nebius Group (NASDAQ:NBIS) Trading Down 11.1% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 11.1% on Monday . The company traded as low as $34.11 and last traded at $35.41. 12,206,464 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 13,218,029 shares. The stock had previously closed at $39.84.

Wall Street Analyst Weigh In

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

Nebius Group Trading Down 8.3 %

The firm has a fifty day moving average of $34.37. The company has a market capitalization of $8.60 billion, a P/E ratio of -63.85 and a beta of 2.57.

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.