Nebius Group (NASDAQ:NBIS) Stock Price Down 2.1% - Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) experienced a decline in its share price of 2.1% on Wednesday. The stock traded as low as $33.86 and was last seen at $33.78. In total, about 1,885,302 shares were traded, which represents a significant drop of 82% from the typical daily trading volume of 10,476,859 shares. Prior to this decline, the stock had closed at $34.50.

Analyst Ratings Changes

• Nebius Group: Market Overreaction or Real AI Disruption?

In a separate report released on January 28th by BWS Financial, the firm 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 Up 10.4%

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

Currently, Nebius Group has a fifty-day moving average price of $31.74 and a market capitalization of $8.98 billion. The company has 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 company focused on creating intelligent products and services powered by machine learning and various other technologies. Their offerings assist consumers and businesses in navigating both online and offline environments. The company's services include Nebius AI, an AI-focused cloud platform providing infrastructure and computing resources for AI-related functions, and Toloka AI, which supplies generative AI solutions across the entire lifecycle, including data annotation, model training, and quality assessment for large language models.

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• Nebius Group: The Rising Star in AI Infrastructure

This summary was generated using narrative science technology and financial data to provide prompt and accurate reporting.

Where Should You Invest $1,000 Right Now?

Before making any investment decisions, it is advisable to consider the insights of market analysts.

Analysts have identified a selection of five stocks that they recommend to clients, which they believe have promising potential and have not yet caught significant market attention.

Before considering an investment in Nebius Group, it would be wise to review these recommendations, as they believe these stocks are better investment options.

Conclusion

Considering the recent decline in Nebius Group's stock price, investors may be wondering if it is time to sell. However, the company maintains a "buy" rating from analysts, indicating potential for recovery and growth.

Nebius, Stock, AI