Nebius Group (NASDAQ:NBIS) Shares Down 0.3% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price dropped 0.3% on Tuesday . The stock traded as low as $34.60 and last traded at $35.93. Approximately 2,513,860 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 6,733,457 shares. The stock had previously closed at $36.04.

Wall Street Analyst Weigh In

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

Nebius Group Stock Performance

The company has a fifty day moving average of $28.20. The stock has a market capitalization of $13.58 billion, a P/E ratio of -65.89 and a beta of 2.63.

About Nebius Group

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.