Nebius Group (NASDAQ:NBIS) Shares Up 6.7% - Here's Why

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares shot up 6.7% during trading on Friday . The company traded as high as $18.90 and last traded at $18.82. 2,596,437 shares were traded during trading, a decline of 61% from the average session volume of 6,685,459 shares. The stock had previously closed at $17.63.

Nebius Group Price Performance

The stock has a market capitalization of $7.07 billion, a P/E ratio of -32.68 and a beta of 2.63.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.68 EPS for the quarter. Nebius Group had a positive return on equity of 9.52% and a negative net margin of 2.08%. The business had revenue of $2.75 billion for the quarter.

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.