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Nebius Group (NASDAQ:NBIS) Shares Up 6% - Time to Buy?

Nebius Group logo with Computer and Technology background

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) rose 6% during trading on Monday . The company traded as high as $28.71 and last traded at $28.30. Approximately 3,071,388 shares were traded during trading, a decline of 58% from the average daily volume of 7,400,011 shares. The stock had previously closed at $26.71.

Nebius Group Price Performance

The company's fifty day moving average is $23.55. The stock has a market capitalization of $10.35 billion, a PE ratio of -50.25 and a beta of 2.57.

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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