Nebius Group (NASDAQ:NBIS) Shares Down 2.9% – Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) fell 2.9% on Wednesday . The company traded as low as $44.50 and last traded at $46.66. 8,051,000 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 11,936,872 shares. The stock had previously closed at $48.07.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $51.00 price target on shares of Nebius Group in a research note on Tuesday, January 28th.

Nebius Group Trading Down 2.5 %

The stock’s 50-day simple moving average is $33.36. The firm has a market capitalization of $11.03 billion, a P/E ratio of -82.12 and a beta of 2.57.

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.