Attention Investors: What’s Really Going On With Nebius Group N.V (NASDAQ: NBIS)

The trading price of Nebius Group N.V (NASDAQ:NBIS) floating higher at last check on current market day and closing at $19.72, 6.48% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $18.645 and $20.37. The company’s P/E ratio in the trailing 12-month period was 29.84, while its 5Y monthly beta was 0.855. In examining the 52-week price action we see that the stock hit a 52-week high of $24.50 and a 52-week low of $14.09. Over the past month, the stock has lost -1.40% in value.

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Nebius Group N.V, whose market valuation is $3.93 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 22.10, which symbolizes a positive outlook. A quick review shows that NBIS’s price is currently -0.92% off the SMA20 and -41.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.09, and weekly volatility stands at 7.29%. When measured over the past 30 days, the indicator reaches 12.22%. Nebius Group N.V (NASDAQ:NBIS)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.54.

To see how Nebius Group N.V stock has been performing today in comparison to its peers in the industry, here are the numbers: NBIS stock’s performance was 6.48% at last check in today’s session, and -68.77% in the past year. Nebius Group N.V has a P/E ratio of 29.84.

An evaluation of the daily trading volume of Nebius Group N.V (NASDAQ:NBIS) indicates that the 3-month average is 6.45 million. However, this figure has increased over the past 10 days to an average of 3.46.

Currently, records show that 325.78 million of the company’s shares remain outstanding. The insiders hold 21.82% of outstanding shares, whereas institutions hold 27.35%. The stats also highlight that short interest as of 2024-10-31, stood at 2.75 million shares, resulting in a short ratio of 0.71 at that time. From this, we can conclude that short interest is 166.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 3.52 million. However, since the stock’s price has seen 4.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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