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Nebius Group (NASDAQ:NBIS) Shares Down 7.1% - Should You Sell?

Nebius Group logo with Computer and Technology background

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded down 7.1% during mid-day trading on Tuesday . The company traded as low as $30.81 and last traded at $31.04. 981,885 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 7,368,933 shares. The stock had previously closed at $33.40.

Nebius Group Trading Down 12.2 %

The stock has a market cap of $10.61 billion, a P/E ratio of -51.51 and a beta of 2.57. The business's 50 day moving average is $22.67.

Nebius Group Company Profile

(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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