Nebius Group (NASDAQ:NBIS) Stock Price Down 0.1% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s stock price fell 0.1% during mid-day trading on Thursday . The stock traded as low as $33.25 and last traded at $33.91. 2,409,486 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 10,339,217 shares. The stock had previously closed at $33.93.

Analysts Set New Price Targets

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

Nebius Group Trading Down 1.8 %

The stock has a market cap of $7.85 billion, a P/E ratio of -58.64 and a beta of 2.58. The company has a 50 day moving average of $31.47.

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.