Nebius Group (NASDAQ:NBIS) Shares Up 5.4% - Here's Why

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares shot up 5.4% during mid-day trading on Friday . The company traded as high as $47.68 and last traded at $43.94. 21,930,673 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 11,076,647 shares. The stock had previously closed at $41.70.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a "buy" rating and set a $51.00 price target on shares of Nebius Group in a report on Tuesday, January 28th.

Nebius Group Stock Performance

The firm has a market cap of $10.56 billion, a P/E ratio of -78.65 and a beta of 2.57. The company's 50-day simple moving average is $33.89.

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.