Nebius Group (NASDAQ:NBIS) Sees Large Volume Increase – Still a Buy?

Shares of Nebius Group N.V. (NASDAQ:NBISGet Free Report) saw an uptick in trading volume on Wednesday . 6,435,220 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 6,346,007 shares.The stock last traded at $32.00 and had previously closed at $29.33.

Nebius Group Trading Up 9.7 %

The company has a 50 day moving average of $20.20. The firm has a market cap of $11.63 billion, a PE ratio of -56.14 and a beta of 2.57.

About Nebius Group

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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.

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