Are Nebius Group N.V (NASDAQ: NBIS) Shares Ready For A Higher Price Run?

In today’s recent session, 3.66 million shares of the Nebius Group N.V (NASDAQ:NBIS) were traded. Most recently the company’s share price was $39.88, and it changed around $2.28 or 6.08% from the last close, which brings the market valuation of the company to $9.39B. NBIS at last check was trading at a discount to its 52-week high of $39.38, offering almost 1.25% off that amount. The share price’s 52-week low was $14.09, which indicates that the recent value has risen by an impressive 64.67% since then. We note from Nebius Group N.V’s average daily trading volume that its 10-day average is 7.39 million shares, with the 3-month average coming to 7.08 million.

Nebius Group N.V stock received a consensus recommendation rating of Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NBIS as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Nebius Group N.V is expected to report earnings per share of -40.19 for the current quarter.

Nebius Group N.V (NASDAQ:NBIS) trade information

Instantly NBIS has been showing a green trend so far today with a performance of 6.08% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 40.20 on recent trading dayincreased the stock’s daily price by 0.8%. The company’s shares are currently up 43.99% year-to-date, but still up 8.12% over the last five days. On the other hand, Nebius Group N.V (NASDAQ:NBIS) is 47.23% up in the 30-day period. We can see from the shorts that 5.55 million shares have been sold at a short interest cover period of 0.6 day(s).

Nebius Group N.V (NBIS) estimates and forecasts

Nebius Group N.V share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -46.08 percent over the past six months and at a -226.44% annual growth rate that is well below the industry average of 33.10%.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 5.99B in revenue for the current quarter. 1 analysts expect Nebius Group N.V to make 9.45B in revenue for the current ending quarter.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.51%.

NBIS Dividends

Nebius Group N.V’s next quarterly earnings report is expected to be released in February.

Nebius Group N.V (NASDAQ:NBIS)’s Major holders

iShares Core MSCI Emerging Markets ETF and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 2.64 shares worth $105.13 million, making up 0.81% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 1.38 shares worth around $54.89 million, which represents about 0.42% of the total shares outstanding.