Do Analysts Think Nebius Group N.V (NBIS) Is Still Worth Buying In 2024?

Nebius Group N.V (NASDAQ:NBIS) does about 6.16M shares in volume on a normal day but saw 4324731 shares change hands in the recent trading day. The company now has a market cap of 5.00B USD. Its current market price is $23.49, marking an increase of 6.77% compared to the previous close of $22.00. The 52 week high reached by this stock is $24.50 whilst the lowest price level in 52 weeks is $14.09.

Nebius Group N.V (NBIS) has a 20-day trading average at $20.53 and the current price is -4.12% off the 52-week high compared with 66.71% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 9.38%, which increases to 10.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.67 to suggest the stock is neutral.

The consensus objective for the share price is $74.85, suggesting that the stock has a potential upside of 68.62% over the period.

The current price level is 14.40%, -26.51%, and -61.85% away from its SMA20, SMA50, and SMA200 respectively, with the NBIS price moving above the 50-day SMA on current market day. Nebius Group N.V (NBIS) stock is up 33.47% over the week and 33.24% over the past month. Its price is 24.02% year-to-date and -63.72% over the past year.

To reach the target analysts have set, the stock logically needs to grow 68.62 percent from here.

The company has a return on investment of 4.04% and return on equity of -8.01%. The price to earnings ratio (P/E ratio) amounts to 35.55. Price to book ratio is 1.63 and price to sales ratio is 1.81.