Nebius Group (NASDAQ:NBIS) Shares Down 2.5% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price dropped 2.5% on Thursday . The company traded as low as $29.58 and last traded at $30.74. Approximately 4,172,684 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 5,904,142 shares. The stock had previously closed at $31.54.

Nebius Group Trading Down 2.5 %

The company has a market capitalization of $11.11 billion, a P/E ratio of -53.93 and a beta of 2.63. The company has a 50-day moving average price of $25.60.

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.