Nebius Group (NASDAQ:NBIS) Trading Down 1.1% - Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares dropped 1.1% on Wednesday . The stock traded as low as $35.70 and last traded at $36.47. Approximately 4,965,493 shares were traded during trading, a decline of 28% from the average daily volume of 6,869,240 shares. The stock had previously closed at $36.89.

Wall Street Analyst Weigh In

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 on the stock.

Nebius Group Stock Performance

The firm has a market cap of $13.38 billion, a price-to-earnings ratio of -64.95 and a beta of 2.63. The stock has a fifty day moving average of $27.23.

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.