Nebius Group (NASDAQ:NBIS) Stock Price Down 2.1% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares were down 2.1% during trading on Wednesday . The company traded as low as $33.86 and last traded at $33.78. Approximately 1,885,302 shares traded hands during trading, a decline of 82% from the average daily volume of 10,476,859 shares. The stock had previously closed at $34.50.

Analyst Upgrades and Downgrades

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

Nebius Group Price Performance

The stock has a market cap of $8.25 billion, a PE ratio of -61.46 and a beta of 2.58. The business has a 50-day moving average price of $31.22.

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.