Nebius Group (NASDAQ:NBIS) Shares Down 4.1% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares fell 4.1% during trading on Monday . The stock traded as low as $35.61 and last traded at $36.04. 4,936,287 shares traded hands during trading, an increase of 2% from the average session volume of 4,848,411 shares. The stock had previously closed at $37.59.

Wall Street Analyst Weigh In

Separately, BWS Financial initiated coverage on shares of Nebius Group in a report on Monday, January 13th. They set a “buy” rating and a $51.00 price target for the company.

Nebius Group Stock Performance

The firm has a market capitalization of $13.03 billion, a P/E ratio of -63.23 and a beta of 2.63. The firm has a 50 day simple moving average of $27.89.

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.