Nebius Group (NASDAQ:NBIS) Trading Down 2.9% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBISGet Free Report)’s stock price fell 2.9% during mid-day trading on Tuesday . The stock traded as low as $27.56 and last traded at $27.82. 868,648 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 7,313,636 shares. The stock had previously closed at $28.64.

Nebius Group Trading Down 1.4 %

The firm has a fifty day moving average price of $23.74. The stock has a market capitalization of $10.21 billion, a PE ratio of -49.56 and a beta of 2.57.

About Nebius Group

(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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