Nebius Group (NASDAQ:NBIS) Trading 3.6% Higher – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares shot up 3.6% during mid-day trading on Wednesday . The stock traded as high as $40.20 and last traded at $38.95. 5,056,496 shares traded hands during trading, a decline of 27% from the average session volume of 6,901,858 shares. The stock had previously closed at $37.60.

Analysts Set New Price Targets

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

Nebius Group Trading Up 7.9 %

The firm’s 50-day moving average price is $28.98. The stock has a market capitalization of $9.82 billion, a PE ratio of -73.14 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.