Nebius Group (NASDAQ:NBIS) Shares Gap Down – Time to Sell?

Nebius Group N.V. (NASDAQ:NBISGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.73, but opened at $18.00. Nebius Group shares last traded at $17.68, with a volume of 1,976,542 shares changing hands.

Nebius Group Stock Performance

The stock has a market cap of $6.37 billion, a PE ratio of -30.93 and a beta of 2.63.

Nebius Group (NASDAQ:NBISGet Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $2.75 billion for the quarter. Nebius Group had a positive return on equity of 9.52% and a negative net margin of 2.08%.

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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