Nebius Group (NASDAQ:NBIS) Stock Price Down 2.1% - What You Need to Know

Nebius Group N.V. (NASDAQ:NBIS) experienced a decline in its share price by 2.1% on Wednesday as trading figures showed the stock hitting a low of $33.86, before closing slightly lower at $33.78. During this trading session, approximately 1,885,302 shares changed hands, marking a significant drop of 82% compared to the average daily trading volume of 10,476,859 shares. The stock had previously closed at $34.50.

Analyst Ratings Changes

• Nebius Group: Market Overreaction or Real AI Disruption?

In a recent report dated January 28th, BWS Financial maintained a "buy" rating for Nebius Group and set a price target of $51.00 for its shares.

View Our Latest Stock Analysis on NBIS

Nebius Group Stock Performance

• Nebius Group (NBIS): A Small-Cap Backed by NVIDIA

The company's fifty-day moving average price is currently at $31.74. Nebius Group holds a market capitalization of $8.98 billion, a price-to-earnings ratio of -66.89, and a beta of 2.58, indicating higher volatility compared to the market.

About Nebius Group

Nebius Group N.V. is a technology firm focused on creating intelligent products and services driven by machine learning. Their offerings assist both consumers and enterprises in navigating both online and offline realms. This includes Nebius AI, a cloud platform designed to facilitate AI deployment and machine learning solutions, and Toloka AI, which provides generative AI services throughout the GenAI lifecycle, including data annotation, model training, and quality assessment of language models.

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• Nebius Group: The Rising Star in AI Infrastructure

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