Nebius Group (NASDAQ:NBIS) Stock Price Down 2.3% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) dropped 2.3% on Friday . The company traded as low as $35.71 and last traded at $36.72. Approximately 2,270,093 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 6,853,706 shares. The stock had previously closed at $37.59.

Analysts Set New Price Targets

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

Nebius Group Price Performance

The stock’s 50 day simple moving average is $27.57. The firm has a market cap of $13.08 billion, a P/E ratio of -63.32 and a beta of 2.63.

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.