Nebius Group (NASDAQ:NBIS) Stock Price Down 0.5% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares were down 0.5% on Wednesday . The stock traded as low as $29.50 and last traded at $29.93. Approximately 6,055,974 shares were traded during trading, a decline of 42% from the average daily volume of 10,516,163 shares. The stock had previously closed at $30.09.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and issued a $51.00 price objective on shares of Nebius Group in a report on Tuesday.

Nebius Group Stock Up 0.6 %

The firm’s 50-day simple moving average is $30.21. The firm has a market capitalization of $7.13 billion, a P/E ratio of -53.18 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.