Nebius Group (NASDAQ:NBIS) Trading Up 1.9% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) traded up 1.9% during mid-day trading on Tuesday . The company traded as high as $34.39 and last traded at $33.95. 2,655,543 shares traded hands during trading, a decline of 75% from the average session volume of 10,616,117 shares. The stock had previously closed at $33.31.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $51.00 target price on shares of Nebius Group in a research note on Tuesday, January 28th.

Nebius Group Stock Performance

The firm has a fifty day moving average of $31.47. The stock has a market capitalization of $8.13 billion, a P/E ratio of -60.61 and a beta of 2.58.

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.