Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) dropped 1.1% on Wednesday . The company traded as low as $35.70 and last traded at $36.47. Approximately 4,965,493 shares changed hands during trading, a decline of 28% from the average daily volume of 6,869,240 shares. The stock had previously closed at $36.89.
Analysts Set New Price Targets
Separately, BWS Financial assumed coverage on shares of Nebius Group in a research report on Monday. They issued a "buy" rating and a $51.00 price objective for the company.
Read Our Latest Analysis on Nebius Group
Nebius Group Price Performance
The business's fifty day simple moving average is $27.57. The company has a market cap of $13.03 billion, a PE ratio of -63.23 and a beta of 2.63.
About Nebius Group
(
Get Free Report)
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.
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