Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was down 3.7% on Tuesday . The company traded as low as $26.21 and last traded at $27.06. Approximately 7,135,107 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 10,045,017 shares. The stock had previously closed at $28.10.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on NBIS shares. BWS Financial reissued a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a research note on Tuesday. DA Davidson started coverage on Nebius Group in a research note on Tuesday, February 25th. They issued a "buy" rating and a $50.00 target price for the company.
Get Our Latest Research Report on Nebius Group
Nebius Group Stock Performance
The stock's 50-day moving average is $34.94. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of -49.11 and a beta of 2.47.
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.
Further Reading
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