Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was down 7.8% during mid-day trading on Thursday . The company traded as low as $26.25 and last traded at $27.81. Approximately 8,666,993 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 10,171,692 shares. The stock had previously closed at $30.17.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NBIS. DA Davidson started coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They set a "buy" rating and a $50.00 target price on the stock. BWS Financial reissued a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a research note on Tuesday, March 4th.
Check Out Our Latest Research Report on NBIS
Nebius Group Stock Down 2.9 %
The company has a market capitalization of $5.99 billion, a P/E ratio of -44.65 and a beta of 2.47. The company has a 50 day moving average of $34.94.
About Nebius Group
(
Get Free Report)
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.
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