Nebius Group (NASDAQ:NBIS) Shares Down 7.6% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) was down 7.6% during mid-day trading on Monday . The company traded as low as $25.80 and last traded at $25.87. Approximately 4,783,918 shares were traded during trading, a decline of 53% from the average daily volume of 10,217,477 shares. The stock had previously closed at $27.99.

Wall Street Analyst Weigh In

Several analysts have commented on NBIS shares. BWS Financial restated a “buy” rating and set a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson initiated coverage on shares of Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective on the stock.

Nebius Group Price Performance

The stock has a market capitalization of $5.99 billion, a P/E ratio of -44.65 and a beta of 2.47. The firm has a 50-day moving average price of $34.90.

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.