Nebius Group (NASDAQ:NBIS) Stock Price Down 4.4% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) fell 4.4% during trading on Thursday . The company traded as low as $33.41 and last traded at $34.40. 8,103,934 shares were traded during mid-day trading, a decline of 39% from the average session volume of 13,363,909 shares. The stock had previously closed at $35.98.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of analyst reports. DA Davidson began coverage on shares of Nebius Group in a report on Tuesday. They set a “buy” rating and a $50.00 price objective on the stock. BWS Financial boosted their price target on shares of Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 21st.

Nebius Group Price Performance

The stock has a fifty day simple moving average of $34.70. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of -56.23 and a beta of 2.58.

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.