Nebius Group (NASDAQ:NBIS) Trading Up 2% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares shot up 2% during mid-day trading on Thursday . The company traded as high as $40.38 and last traded at $40.07. 3,006,373 shares changed hands during trading, a decline of 71% from the average session volume of 10,544,776 shares. The stock had previously closed at $39.30.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $51.00 price target on shares of Nebius Group in a research report on Tuesday, January 28th.

Nebius Group Stock Performance

The company has a 50-day simple moving average of $32.74. The firm has a market capitalization of $9.41 billion, a P/E ratio of -70.10 and a beta of 2.57.

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.