Nebius Group Sees Unusually Large Options Volume (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) saw unusually large options trading on Tuesday. Stock investors acquired 78,837 call options on the stock. This is an increase of approximately 84% compared to the average daily volume of 42,837 call options.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several analyst reports. BWS Financial upped their target price on Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. DA Davidson initiated coverage on Nebius Group in a research report on Tuesday. They issued a “buy” rating and a $50.00 target price for the company.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $36.22 on Tuesday. The stock has a market capitalization of $8.53 billion, a P/E ratio of -63.54 and a beta of 2.57. Nebius Group has a 1-year low of $14.09 and a 1-year high of $50.87. The stock has a 50-day moving average of $34.42.

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.