Nebius Group (NASDAQ:NBIS) Shares Up 10.9% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 10.9% on Friday . The stock traded as high as $43.66 and last traded at $42.86. 6,323,480 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 7,164,802 shares. The stock had previously closed at $38.64.

Analyst Ratings Changes

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

Nebius Group Stock Performance

The business has a fifty day moving average price of $28.98. The company has a market capitalization of $9.94 billion, a PE ratio of -74.78 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.