Nebius Group (NASDAQ:NBIS) Stock Price Up 0.9% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 0.9% during trading on Thursday . The stock traded as high as $40.04 and last traded at $39.87. Approximately 2,135,383 shares changed hands during trading, a decline of 69% from the average daily volume of 6,955,379 shares. The stock had previously closed at $39.52.

Wall Street Analysts Forecast Growth

Separately, BWS Financial began coverage on shares of Nebius Group in a research note on Monday, January 13th. They issued a “buy” rating and a $51.00 price objective for the company.

Nebius Group Trading Down 2.8 %

The firm has a market cap of $9.05 billion, a price-to-earnings ratio of -67.56 and a beta of 2.63. The stock has a 50 day simple moving average of $28.98.

About Nebius Group

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.