Nebius Group (NASDAQ:NBIS) Shares Up 7.3% - Here's What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shot up 7.3% on Friday . The stock traded as high as $37.36 and last traded at $37.09. 6,561,573 shares were traded during trading, a decline of 37% from the average session volume of 10,410,775 shares. The stock had previously closed at $34.55.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued 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 has a market cap of $9.25 billion, a price-to-earnings ratio of -68.95 and a beta of 2.57. The business has a fifty day simple moving average of $32.74.

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.