Nebius Group (NASDAQ:NBIS) Trading Down 1.1% – Here’s What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS) fell 1.1% on Tuesday . The stock traded as low as $25.01 and last traded at $25.92. 4,985,839 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 10,277,559 shares. The stock had previously closed at $26.21.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several research analyst reports. BWS Financial reiterated a “buy” rating and issued a $60.00 price objective on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson began coverage on shares of Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective for the company.

Nebius Group Stock Down 2.8 %

The stock has a market capitalization of $6.00 billion, a PE ratio of -44.69 and a beta of 2.47. The firm’s fifty day simple moving average is $34.94.

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.