Nebius Group (NASDAQ:NBIS) Shares Gap Down – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $30.17, but opened at $27.77. Nebius Group shares last traded at $27.68, with a volume of 4,881,836 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NBIS. DA Davidson started coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target on the stock. BWS Financial restated a “buy” rating and set a $60.00 target price on shares of Nebius Group in a research note on Tuesday.

Nebius Group Trading Down 9.8 %

The stock’s 50 day moving average is $34.97. The company has a market cap of $6.41 billion, a price-to-earnings ratio of -47.58 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.