Nebius Group (NASDAQ:NBIS) Stock Price Down 1% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was down 1% during trading on Monday . The stock traded as low as $29.60 and last traded at $32.32. Approximately 5,233,885 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 10,687,537 shares. The stock had previously closed at $32.66.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $51.00 price target on shares of Nebius Group in a report on Tuesday, January 28th.

Nebius Group Stock Performance

The firm’s 50 day moving average price is $30.78. The company has a market cap of $7.84 billion, a price-to-earnings ratio of -58.44 and a beta of 2.58.

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.