NB2.DE stock opens pre-market on XETRA at €10.12 on 12 Mar 2026, down 0.30% from the previous close as traders weigh heavy capex and negative EPS against rising demand for AI compute. Northern Data AG (NB2.DE) is a German high-performance computing infrastructure provider focused on cloud, crypto hosting and AI workloads. Investors will watch the upcoming earnings announcement on 18 Mar 2026 and short-term technicals, given a 50-day average of €12.34 and 200-day average of €17.03.
NB2.DE stock: quick snapshot and market context
Northern Data AG (NB2.DE) trades on XETRA in Germany with a market capitalisation of €649,670,371.00 and shares outstanding 64,196,677.00. The stock currently sits near its year low (€9.07) while its year high is €29.95, reflecting large volatility over 12 months. Volume today is 27,881.00 versus an average of 65,768.00, signalling below-average liquidity in the pre-market session.
Financials and valuation — NB2.DE stock fundamentals
Northern Data reports negative earnings with EPS -2.21 and a trailing PE of -4.58, driven by high depreciation and financing costs. Key ratios show a strong book value per share of €29.02 and Price/Book at 0.35, but free cash flow per share is deeply negative at -€35.92. These metrics point to asset-heavy balance sheet strength yet persistent cash burn and low profitability.
Meyka AI stock grade and what it factors
Meyka AI rates NB2.DE with a score out of 100: 64.68 / 100 — Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects tangible asset backing but penalises weak margins, negative EPS and high capex needs — grades are informational and not financial advice.
Technical picture and trading signals for NB2.DE stock
Technicals show a corrective bias: RSI 32.12 (near oversold) and ADX 31.52 indicating a firm trend. Bollinger middle is €11.05 and the lower band at €9.10, so current price €10.12 sits inside the lower range. MACD histogram is slightly negative and OBV is down, suggesting selling pressure, while MFI at 22.48 signals low buying momentum.
AI opportunity, sector context and catalysts
Northern Data’s strategy targets AI and HPC demand, which could lift utilisation and revenue per rack if enterprise AI spend accelerates. The Technology sector average PE is 35.51, much higher than NB2.DE’s negative PE, underlining valuation divergence. Short-term catalysts include the 18 Mar 2026 earnings report and any updates on AI hosting contracts or utilisation gains.
Price outlook and risks: NB2.DE stock forecast and scenarios
Meyka AI’s forecast model projects a 12-month base target of €13.50, a conservative target of €9.00, and a bullish scenario of €20.00. Against the current €10.12, that implies an upside of +33.40% to the base, downside of -11.07% to the conservative, and +97.63% to the bull case. Risks include persistent negative free cash flow, interest coverage issues, and weak operating margins; opportunity depends on faster AI rack monetisation.
Final Thoughts
NB2.DE stock trades at €10.12 pre-market on XETRA on 12 Mar 2026 with mixed signals: strong tangible book value (€29.02 per share) but persistent negative EPS (-2.21) and large negative free cash flow per share (-€35.92). Technical indicators show near-oversold conditions (RSI 32.12) but continued volume weakness (today 27,881.00 vs avg 65,768.00). Meyka AI rates NB2.DE 64.68/100 (B, HOLD) and models a base 12-month target of €13.50 (implied +33.40%). Traders focused on AI stocks should watch the 18 Mar 2026 earnings release and any commercial AI hosting updates; a clear acceleration in utilisation or new large contracts would validate upside scenarios, while ongoing cash burn and interest pressures would keep downside risk elevated. Forecasts are model-based projections and not guarantees, and investors should treat the Meyka grade and targets as inputs for further due diligence. For a concise company profile and live quote visit our Meyka page for NB2.DE at Meyka NB2.DE stock page. For the latest company filings and market data see Reuters coverage source and source.
FAQs
What is the current price and market cap of NB2.DE stock?
NB2.DE stock trades at €10.12 pre-market on 12 Mar 2026 with a market cap of €649,670,371.00 and 64,196,677.00 shares outstanding. Volume is subdued at 27,881.00 versus an average of 65,768.00.
What are the main risks for NB2.DE stock?
Key risks are continued negative EPS (-2.21) and heavy free cash flow burn (-€35.92 per share), interest coverage weakness, and execution risk converting HPC capacity into profitable AI revenue.
What price targets does Meyka AI give for NB2.DE stock?
Meyka AI’s forecast model projects a base 12-month target of €13.50 (implied +33.40%), a conservative €9.00 (implied -11.07%) and a bullish €20.00 (implied +97.63%). Forecasts are projections, not guarantees.
When is Northern Data’s next earnings report and why does it matter?
Northern Data’s next earnings announcement is scheduled for 18 Mar 2026. Investors will watch revenue per rack, utilisation, and guidance on AI hosting contracts as these drive near-term upside or confirm continued cash burn.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
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