Nebius Group (NASDAQ:NBIS) Shares Gap Up – Here’s Why

Nebius Group N.V. (NASDAQ:NBISGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.08, but opened at $28.20. Nebius Group shares last traded at $28.17, with a volume of 6,682,998 shares changing hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on NBIS

Nebius Group Price Performance

The stock has a market cap of $7.00 billion, a PE ratio of -52.16 and a beta of 2.63. The firm has a fifty day moving average price of $30.39.

Nebius Group Company Profile

(Get Free Report)

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.

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