Nebius Group (NASDAQ:NBIS) Trading Down 3.6% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) fell 3.6% during trading on Monday . The company traded as low as $31.30 and last traded at $31.98. 2,829,950 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 5,606,087 shares. The stock had previously closed at $33.18.

Wall Street Analyst Weigh In

Separately, BWS Financial initiated coverage on shares of Nebius Group in a research note on Monday. They issued a “buy” rating and a $51.00 target price on the stock.

Nebius Group Stock Up 3.5 %

The stock has a market cap of $12.41 billion, a P/E ratio of -60.23 and a beta of 2.63. The stock has a fifty day simple moving average of $26.22.

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.