Nebius Group (NASDAQ:NBIS) Trading Up 7.7% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 7.7% during mid-day trading on Thursday . The stock traded as high as $33.40 and last traded at $32.02. 6,139,234 shares traded hands during trading, a decline of 42% from the average session volume of 10,652,772 shares. The stock had previously closed at $29.73.

Analyst Upgrades and Downgrades

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

Nebius Group Stock Up 7.0 %

The stock’s fifty day moving average price is $30.39. The stock has a market cap of $7.49 billion, a P/E ratio of -55.79 and a beta of 2.63.

Nebius Group Company Profile

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.