Nebius Group (NASDAQ:NBIS) Stock Price Up 0.8% - Here's What Happened

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was up 0.8% during trading on Wednesday . The stock traded as high as $31.18 and last traded at $29.86. Approximately 4,977,905 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 10,115,328 shares. The stock had previously closed at $29.61.

Analysts Set New Price Targets

Several equities research analysts recently commented on NBIS shares. BWS Financial reissued a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a report on Tuesday. DA Davidson started coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price target for the company.

Nebius Group Stock Performance

The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of -49.11 and a beta of 2.47. The firm has a fifty day simple moving average of $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.