Nebius Group (NASDAQ:NBIS) Trading Down 0.5% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 0.5% during trading on Wednesday . The stock traded as low as $29.50 and last traded at $29.93. 6,055,974 shares changed hands during trading, a decline of 42% from the average session volume of 10,516,163 shares. The stock had previously closed at $30.09.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $51.00 price objective on shares of Nebius Group in a report on Tuesday.

Nebius Group Stock Up 2.7 %

The stock has a market capitalization of $7.69 billion, a P/E ratio of -57.30 and a beta of 2.63. The business has a 50-day moving average price of $30.60.

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.