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

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price traded down 7.1% during trading on Monday . The stock traded as low as $30.01 and last traded at $30.17. 5,508,082 shares were traded during mid-day trading, a decline of 59% from the average session volume of 13,344,477 shares. The stock had previously closed at $32.49.

Analysts Set New Price Targets

Several equities research analysts have commented on NBIS shares. BWS Financial restated a "buy" rating and set a $60.00 price target 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 set a "buy" rating and a $50.00 price target for the company.

Nebius Group Price Performance

The stock has a market cap of $6.31 billion, a P/E ratio of -47.02 and a beta of 2.47. The business has a 50 day moving average price of $34.97.

Nebius Group Company Profile

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.