Nebius Group (NASDAQ:NBIS) Trading Down 9.1% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares dropped 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 increased their price objective on shares of Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Friday.

Nebius Group Stock Performance

The business has a fifty day moving average price of $34.37. The company has a market capitalization of $9.38 billion, a PE ratio of -69.88 and a beta of 2.57.

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.