Nebius Group (NASDAQ:NBIS) Trading Up 0.9% – Should You Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) traded up 0.9% during mid-day trading on Thursday . The company traded as high as $40.04 and last traded at $39.87. 2,135,383 shares traded hands during trading, a decline of 69% from the average session volume of 6,955,379 shares. The stock had previously closed at $39.52.

Analyst Ratings Changes

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

Nebius Group Stock Performance

The stock has a fifty day moving average price of $29.87. The stock has a market capitalization of $9.82 billion, a price-to-earnings 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.