Nebius Group (NASDAQ:NBIS) Shares Down 9.1% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares were down 9.1% on Thursday . The stock traded as low as $38.50 and last traded at $40.76. Approximately 17,789,927 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 12,422,693 shares. The stock had previously closed at $44.83.

Wall Street Analyst Weigh In

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

Nebius Group Trading Up 2.7 %

The company has a fifty day moving average price of $33.89. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of -80.76 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.