Nebius Group (NASDAQ:NBIS) Trading 6.7% Higher – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) was up 6.7% on Friday . The stock traded as high as $34.59 and last traded at $33.92. Approximately 4,652,121 shares were traded during trading, a decline of 56% from the average daily volume of 10,596,017 shares. The stock had previously closed at $31.80.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $51.00 price objective on shares of Nebius Group in a research note on Tuesday.

Nebius Group Price Performance

The stock’s 50 day simple moving average is $30.60. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of -57.88 and a beta of 2.63.

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.