Nebius Group (NASDAQ:NBIS) Stock Price Up 6.7% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) rose 6.7% during mid-day trading on Monday . The company traded as high as $47.68 and last traded at $44.49. Approximately 34,999,875 shares changed hands during trading, an increase of 211% from the average daily volume of 11,253,757 shares. The stock had previously closed at $41.70.

Wall Street Analysts Forecast Growth

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

Nebius Group Stock Performance

The firm’s 50 day moving average price is $33.36. The company has a market capitalization of $10.56 billion, a PE ratio of -78.65 and a beta of 2.57.

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.