Nebius Group (NASDAQ:NBIS) Stock Price Up 7.2% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s stock price shot up 7.2% during trading on Tuesday . The stock traded as high as $50.87 and last traded at $47.72. 16,433,221 shares were traded during mid-day trading, an increase of 41% from the average session volume of 11,634,166 shares. The stock had previously closed at $44.49.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and issued a $51.00 price target on shares of Nebius Group in a report on Tuesday, January 28th.

Nebius Group Trading Up 8.0 %

The business has a 50 day simple moving average of $33.36. The firm has a market capitalization of $11.32 billion, a P/E ratio of -84.33 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.