Nebius Group (NASDAQ:NBIS) Trading Down 3.7% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price fell 3.7% during trading on Tuesday . The company traded as low as $26.21 and last traded at $27.06. 7,135,107 shares were traded during mid-day trading, a decline of 29% from the average session volume of 10,045,017 shares. The stock had previously closed at $28.10.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective for the company. BWS Financial reissued a “buy” rating and issued a $60.00 price objective on shares of Nebius Group in a research note on Tuesday.

Nebius Group Stock Up 5.4 %

The stock’s fifty day simple moving average is $34.90. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of -51.95 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.