Nebius Group (NASDAQ:NBIS) Trading Down 9.1% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded down 9.1% during mid-day trading on Thursday . The stock traded as low as $38.50 and last traded at $40.76. 17,789,927 shares were traded during mid-day trading, an increase of 43% from the average session volume of 12,422,693 shares. The stock had previously closed at $44.83.

Analysts Set New Price Targets

Separately, BWS Financial boosted their price target on shares of Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a report on Friday.

Nebius Group Trading Down 13.9 %

The company has a fifty day moving average price of $34.37. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of -69.88 and a beta of 2.57.

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.