Stocks

Nebius Group (NASDAQ:NBIS) Shares Gap Down - Here's What Happened

Published January 27, 2025

Nebius Group N.V. (NASDAQ:NBIS) experienced a significant drop in share price before the market opened on Monday. The stock, which had closed at $41.69 on the previous trading day, opened at a much lower price of $33.50. In the day’s trading, Nebius Group shares were last noted at $29.57, with a total trading volume of 14,558,194 shares.

Analysts Set New Price Targets

In a recent development, BWS Financial initiated coverage on Nebius Group in a research report dated January 13th, assigning a "buy" rating alongside a target price of $51.00 for the stock.

Nebius Group Price Performance

Currently, Nebius Group has a fifty-day moving average of $29.87. The company is valued at approximately $6.39 billion with a price-to-earnings (PE) ratio of -47.67, indicating it is operating at a loss. Nebius Group also has a beta of 2.63, suggesting it is more volatile compared to the overall market.

Nebius Group Company Profile

Nebius Group N.V. is a technology firm that focuses on developing intelligent products and services utilizing machine learning and advanced technologies. The company offers various services, including Nebius AI, an AI-focused cloud platform designed to support AI deployment and machine learning solutions. Additionally, the company provides Toloka AI, which delivers generative AI solutions throughout the entire GenAI lifecycle, covering aspects such as data annotation, model training, and quality assessments of AI models to ensure their accuracy and reliability.

Additional Insights

While Nebius Group holds a current "buy" rating from analysts, it’s worth noting that some top-rated analysts have identified other stocks they believe to be stronger investment opportunities. Investors interested in exploring alternatives may consider reviewing these recommendations carefully.

Investors should remain vigilant and consider market conditions and insider trading activities when making decisions about investing in Nebius Group or any other stock.

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