NB2.DE Northern Data AG XETRA pre-market €11.59 24 Feb 2026: AI stock outlook
NB2.DE stock trades at €11.59 in XETRA pre-market on 24 Feb 2026, down 1.78% on the day. The company provides high-performance computing infrastructure for AI workloads and crypto hosting. Investors face a mixed picture: large tangible assets and book value, but negative earnings and weak cash flow. We examine valuation, technicals, Meyka AI grade, and a model-based 12-month forecast ahead of earnings on 18 Mar 2026.
NB2.DE stock: quick market snapshot
Northern Data AG (NB2.DE) is trading at €11.59 on XETRA with market cap €744,039,486. Volume today is 59,588, above the 50-day average of 48,138. Day range is €11.59 to €12.03 and the 52-week range is €11.43 to €47.00.
Shares opened at €11.80 after a previous close of €11.80, reflecting recent multi-month weakness. Price has fallen 72.73% over 12 months, while 3-year performance is positive at 11.44%.
NB2.DE stock: fundamentals and valuation
Earnings are negative with EPS -2.21 and reported PE -5.24. The balance sheet shows book value per share €29.02 and tangible book €27.75. That gives a Price-to-Book ratio near 0.40, implying the market values the shares well below reported equity.
Valuation mixes low price metrics and high multiples on operating cash flow. Price-to-Sales is 3.72, EV/EBITDA is 31.06, and enterprise value is €1,337,440,486. These metrics show investor caution on profitability despite large asset backing.
NB2.DE stock: cash flow, leverage and operational risks
Cash flow is under pressure. Operating cash flow per share is -2.02, and free cash flow per share is -35.92. Net debt to EBITDA stands at 13.78, signaling stress relative to earnings.
Receivables and working capital are stretched with days sales outstanding 206. Debt-to-equity is 0.85, and interest coverage is negative at -2.97, which increases refinancing risk if revenue weakens.
NB2.DE stock: technicals and trading signals
Technicals show momentum weakness. RSI is 31.43, near oversold. MACD is negative with histogram -0.10 and ADX 20.57, indicating a weak trend. Bollinger Bands sit €11.64 to €13.57, placing current price near the lower band.
Short-term indicators like Stochastic %K 7.44 and Williams %R -97.90 confirm oversold readings. Relative volume is 1.24, so today’s trade is heavier than normal.
NB2.DE stock: Meyka grade, analyst view and price targets
Meyka AI rates NB2.DE with a score out of 100: 64.52 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 comparison, sector and industry peers, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a 12-month base target of €18.00. That implies an upside of 55.29% from €11.59. We show a conservative downside target €9.00 (implied -22.34%) and a bull target €28.00 (implied +141.67%). Forecasts are model-based projections and not guarantees.
NB2.DE stock: sector fit and AI opportunities
Northern Data sits in the Technology sector and serves AI compute demand. The German Technology sector shows mixed short-term performance, with 3-month gain 5.59% but 1-month decline -3.93%. NB2.DE’s asset base and HPC focus match AI infrastructure demand.
However, sector peers trade at higher multiples (sector average PE 35.10) and NB2.DE must prove sustainable margins. The company’s revenue per share is 6.92, but net income per share remains negative at -4.40, which tempers an AI upside thesis.
Final Thoughts
NB2.DE stock is a complex AI infrastructure play at €11.59 in XETRA pre-market trading on 24 Feb 2026. The company has sizeable tangible assets and book value €29.02 per share, which supports a value case. At the same time, negative EPS -2.21, weak cash flow, and high net debt-to-EBITDA 13.78 raise near-term risk. Meyka AI’s model projects a 12-month base target of €18.00, implying +55.29% upside, while a conservative target is €9.00. Our Meyka grade is B (64.52) with a HOLD suggestion, reflecting mixed fundamentals against asset value. Investors focused on AI stocks should watch the earnings report on 18 Mar 2026 and monitor cash flow trends, receivables, and any guidance on capacity utilization. Remember, Meyka AI-powered market analysis platform offers model outputs, but forecasts are projections and not guarantees.
FAQs
What are the near-term drivers for NB2.DE stock performance?
Near-term drivers include the 18 Mar 2026 earnings release, cash flow trends, and utilization of HPC capacity for AI workloads. Receivables collection and any refinancing updates will also affect NB2.DE stock over the next quarters.
How does Northern Data’s valuation compare to peers?
NB2.DE shows a low price-to-book near 0.40 versus sector averages. However, negative earnings and high EV/EBITDA 31.06 compress multiples. Relative to high-growth AI peers, NB2.DE trades at a valuation discount tied to execution risk.
What is Meyka AI’s price outlook for NB2.DE stock?
Meyka AI’s forecast model projects a 12-month base target of €18.00, implying +55.29% upside from €11.59. The model also presents a conservative €9.00 downside and a bull €28.00 scenario. Forecasts are model-based projections and not guarantees.
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.