Nebius Group (NASDAQ:NBIS) Stock Price Up 7.8% - Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS) experienced a significant boost in its stock price, rising by 7.8% on Monday. The shares traded at a high of $28.84 and were last recorded at $29.08. During mid-day trading, approximately 3,866,504 shares exchanged hands, marking a 62% decrease from the average trading volume of 10,294,346 shares. The stock had previously closed the day at $26.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently assessed Nebius Group. On February 25th, DA Davidson initiated coverage, giving the company a "buy" rating along with a price target of $50.00. Following this, on March 4th, BWS Financial reaffirmed a "buy" rating and set a target price of $60.00 for Nebius' shares.

Nebius Group Price Performance

The 50-day simple moving average for the company stands at $34.00. Currently, Nebius Group holds a market capitalization of $6.40 billion, with a price-to-earnings ratio of -47.67 and a beta of 2.47, indicating higher volatility compared to the market.

Institutional Inflows and Outflows

A hedge fund has recently made a move into Nebius Group stock. Centaurus Financial Inc. acquired a new stake during the fourth quarter, purchasing 343,130 shares valued at about $9,505,000, representing roughly 0.15% of the company as of the latest reporting period. Overall, institutional investors account for 21.90% of Nebius Group. 

About Nebius Group

Nebius Group N.V. specializes in developing intelligent products and services that leverage machine learning and other advanced technologies to assist consumers and businesses in navigating both online and offline environments. Its offerings include Nebius AI, an AI-focused cloud platform designed for infrastructure and computing capabilities tailored for AI deployment, and Toloka AI, which provides generative AI solutions across various stages of the GenAI lifecycle, including data annotation, model training, and quality assessment.

Should You Invest $1,000 in Nebius Group Right Now?

Before deciding to invest in Nebius Group, potential investors might want to consider the insights from top analysts. Current recommendations suggest a "buy" rating for Nebius Group, but it's important to note that some analysts believe there are at least five other stocks that present better investment opportunities at this time.

This summary serves to provide insights and updates regarding Nebius Group and its market performance.

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