Nebius Group (NASDAQ:NBIS) Stock Price Down 0.8% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) dropped 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 traded 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 began coverage on shares of Nebius Group in a research report on Monday. They set a “buy” rating and a $51.00 price objective for the company.

Nebius Group Stock Performance

The company has a 50-day moving average of $27.23. The stock has a market cap of $13.59 billion, a price-to-earnings 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.