Nebius Group (NASDAQ:NBIS) Stock Price Down 2.3% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 2.3% during mid-day trading on Friday . The stock traded as low as $35.71 and last traded at $36.72. Approximately 2,270,093 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 6,853,706 shares. The stock had previously closed at $37.59.

Wall Street Analyst Weigh In

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

Nebius Group Stock Down 4.1 %

The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of -63.23 and a beta of 2.63. The stock’s 50-day simple moving average is $27.89.

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.