Nebius Group (NASDAQ:NBIS) Shares Gap Down – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $41.69, but opened at $33.50. Nebius Group shares last traded at $29.57, with a volume of 14,558,194 shares traded.

Analysts Set New Price Targets

Separately, BWS Financial began coverage on Nebius Group in a research report on Monday, January 13th. They issued a “buy” rating and a $51.00 target price on the stock.

Nebius Group Price Performance

The company has a fifty day moving average of $29.87. The company has a market cap of $6.39 billion, a PE ratio of -47.67 and a beta of 2.63.

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.