Nebius Group (NASDAQ:NBIS) Stock Price Down 7.6% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares fell 7.6% on Monday . The stock traded as low as $25.80 and last traded at $25.87. 4,783,918 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 10,217,477 shares. The stock had previously closed at $27.99.

Analyst Ratings Changes

NBIS has been the subject of several research analyst reports. DA Davidson initiated coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target for the company. BWS Financial reissued a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a research note on Tuesday, March 4th.

Nebius Group Trading Down 6.1 %

The company has a market capitalization of $6.19 billion, a PE ratio of -46.13 and a beta of 2.47. The stock’s 50 day moving average is $34.96.

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.