Nebius Group (NASDAQ:NBIS) Shares Down 0.3% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares fell 0.3% during trading on Tuesday . The company traded as low as $34.60 and last traded at $35.93. 2,513,860 shares traded hands during trading, a decline of 63% from the average session volume of 6,733,457 shares. The stock had previously closed at $36.04.

Wall Street Analyst Weigh In

Separately, BWS Financial started coverage on Nebius Group in a report on Monday, January 13th. They issued a “buy” rating and a $51.00 price target on the stock.

Nebius Group Stock Down 2.2 %

The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -67.79 and a beta of 2.63. The company has a 50-day simple moving average of $28.98.

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.