Nebius Group (NASDAQ:NBIS) Shares Up 3.6% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price shot up 3.6% on Wednesday . The company traded as high as $40.20 and last traded at $38.95. 5,056,496 shares traded hands during trading, a decline of 27% from the average session volume of 6,901,858 shares. The stock had previously closed at $37.60.

Analyst Upgrades and Downgrades

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

Nebius Group Stock Performance

The firm has a market cap of $14.44 billion, a P/E ratio of -70.10 and a beta of 2.63. The stock has a 50-day simple moving average of $28.56.

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.