Nebius Group (NASDAQ:NBIS) Trading Down 4.1% - Here's What Happened

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares were down 4.1% on Monday . The company traded as low as $35.61 and last traded at $36.04. Approximately 4,936,287 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 4,848,411 shares. The stock had previously closed at $37.59.

Analyst Ratings Changes

Separately, BWS Financial initiated coverage on Nebius Group in a research report on Monday, January 13th. They set a "buy" rating and a $51.00 price objective for the company.

Nebius Group Stock Down 4.1 %

The firm has a market capitalization of $13.03 billion, a P/E ratio of -63.23 and a beta of 2.63. The company's 50-day moving average price is $28.20.

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.