Nebius Group (NASDAQ:NBIS) Shares Down 9% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) was down 9% during trading on Friday . The stock traded as low as $41.45 and last traded at $42.07. Approximately 8,349,519 shares traded hands during trading, a decline of 35% from the average daily volume of 12,839,450 shares. The stock had previously closed at $46.25.

Analyst Upgrades and Downgrades

Separately, BWS Financial upped their price objective on shares of Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a report on Friday.

Nebius Group Price Performance

The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of -69.88 and a beta of 2.57. The business’s fifty day moving average price is $34.37.

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.