Nebius Group (NASDAQ:NBIS) Shares Gap Down - Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $30.17, but opened at $27.77. Nebius Group shares last traded at $27.68, with a volume of 4,881,836 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on NBIS shares. DA Davidson started coverage on Nebius Group in a research note on Tuesday, February 25th. They set a "buy" rating and a $50.00 price target on the stock. BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.

Nebius Group Stock Performance

The stock has a market cap of $6.59 billion, a PE ratio of -49.11 and a beta of 2.47. The company's 50 day simple moving average is $34.96.

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.