Nebius Group (NASDAQ:NBIS) Trading Down 0.6% – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) were down 0.6% during trading on Thursday . The company traded as low as $35.80 and last traded at $36.78. Approximately 1,861,155 shares were traded during trading, a decline of 73% from the average daily volume of 6,975,938 shares. The stock had previously closed at $37.02.

Wall Street Analysts Forecast Growth

Separately, BWS Financial started coverage on Nebius Group in a report on Monday, January 13th. They set a “buy” rating and a $51.00 price target for the company.

Nebius Group Stock Down 4.1 %

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