Investors Buy Large Volume of Call Options on Nebius Group (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 37,303 call options on the company. This represents an increase of 46% compared to the average daily volume of 25,576 call options.

Wall Street Analysts Forecast Growth

Separately, BWS Financial started coverage on Nebius Group in a research report on Monday. They issued a “buy” rating and a $51.00 price target on the stock.

Nebius Group Trading Down 1.4 %

NASDAQ NBIS traded down $0.50 on Wednesday, hitting $36.39. 9,064,514 shares of the stock were exchanged, compared to its average volume of 7,417,282. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $39.38. The firm has a 50-day simple moving average of $26.88. The firm has a market cap of $13.15 billion, a P/E ratio of -63.84 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.