Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) fell 9.1% during mid-day trading on Thursday . The company traded as low as $38.50 and last traded at $40.76. 17,789,927 shares traded hands during trading, an increase of 43% from the average session volume of 12,422,693 shares. The stock had previously closed at $44.83.
Analyst Ratings Changes
Separately, BWS Financial boosted their price objective on shares of Nebius Group from $51.00 to $60.00 and gave the company a "buy" rating in a report on Friday.
View Our Latest Analysis on NBIS
Nebius Group Stock Down 13.9 %
The company has a market capitalization of $9.38 billion, a PE ratio of -69.88 and a beta of 2.57. The company's fifty day simple moving average is $34.19.
About Nebius Group
(
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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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