Nebius Group (NASDAQ:NBIS) Shares Down 0.8% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) was down 0.8% during trading on Tuesday . The company traded as low as $34.73 and last traded at $35.43. Approximately 4,138,666 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 6,441,820 shares. The stock had previously closed at $35.72.

Analyst Upgrades and Downgrades

Separately, BWS Financial initiated coverage on Nebius Group in a report on Monday. They set a “buy” rating and a $51.00 target price for the company.

Nebius Group Trading Up 1.5 %

The stock’s fifty day moving average price is $27.23. The firm has a market capitalization of $13.59 billion, a PE ratio of -65.95 and a beta of 2.63.

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.