NB2.DE Northern Data AG XETRA €12.63 Market Closed 19 Jan 2026: AI capacity view
NB2.DE stock closed at €12.63 on XETRA on 19 Jan 2026, down 1.02% for the session. Investors are watching Northern Data AG for its AI and high-performance computing capacity shift after a year of heavy capital spending and volatile crypto exposure. The shares trade well below the 200-day average of €19.51 and near the 52-week low of €11.43, so near-term momentum and cash-burn metrics will drive the next moves.
NB2.DE stock: Financial snapshot
Northern Data AG (NB2.DE) lists on XETRA and has a market cap of €810.80M with 64,196,677 shares outstanding. The stock opened at €12.74, hit a high of €13.00 and a low of €12.43 today, on volume 70,638 versus average volume 82,925. Trailing EPS is -2.21 and reported PE is -5.71, reflecting recent losses tied to margin pressure and depreciation from high capex.
Profitability and valuation: NB2.DE earnings and metrics
Northern Data shows a negative net margin of -63.64% and a return on equity of -16.19%, driven by elevated operating costs and low utilization in parts of its footprint. Balance-sheet strengths include a book value per share of €29.02 and cash per share of €4.16, while enterprise value sits near €1.41B, giving an EV/sales multiple of 7.05.
Price-to-book remains low at 0.44, indicating asset backing but also signaling investor concern about earnings power and execution on AI workloads.
Technicals and trading: NB2.DE stock momentum
Technically, NB2.DE is below its 50-day average (€14.19) and well under the 200-day average (€19.51). Short-term indicators show RSI 42.37, MACD negative at -0.38, and ATR 0.94, pointing to subdued momentum and elevated volatility. On-balance volume at 138,858 suggests mixed flows.
Traders should watch the €12.14 Bollinger lower band and the €15.40 upper band for breakout clues; a clear move above €14.19 would improve the technical picture.
Meyka AI rating and NB2.DE forecast
Meyka AI rates NB2.DE with a score out of 100: 65 (Grade B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The internal model highlights solid asset backing but flags cash-flow stress and EBITDA leverage as concerns.
Meyka AI’s forecast model projects a yearly price of €10.44, implying -17.34% from the current €12.63, and a monthly projection of €8.38 (implied -33.65%). Forecasts are model-based projections and not guarantees.
Catalysts, risks and NB2.DE opportunities
Primary catalysts include higher utilization from AI workloads, new long-term hosting contracts, and improved power-cost efficiencies that could lift margins. Key risks are continuing negative free cash flow (free cash flow per share -35.92) and high net-debt-to-EBITDA (13.78), which raise refinancing and liquidity concerns.
Sector context: Technology peers trade at average PE 36.22, so Northern Data remains a high-risk, asset-heavy play within the AI/hpc segment.
Investment thesis and trading strategy for AI stocks
For AI-focused investors, NB2.DE offers exposure to high-performance computing capacity and physical infrastructure that benefits AI workloads. A conservative approach is to wait for signs of sustained utilization and positive operating cash flow before allocating capital. Active traders may use the €11.43 support and €14.19 resistance levels for short-term tactical entries.
Longer-term investors should balance potential upside from AI demand against near-term liquidity and earnings risks.
Final Thoughts
NB2.DE stock is a structurally interesting play on AI infrastructure but a financially challenged company today. The share price €12.63 sits beneath both the 50-day (€14.19) and 200-day (€19.51) averages, reflecting execution and cash-flow pressure. Meyka AI assigns a score of 65 (B, HOLD) and models a yearly target of €10.44 (implied -17.34%) with a monthly downside scenario to €8.38. A pragmatic view: treat Northern Data as a conditional AI-capacity exposure. Watch for improving utilization, contract renewals, and a narrowing negative free cash flow trend before moving from a tactical to a strategic position. These forecasts are model-based projections and not guarantees. For company filings and investor updates, see Northern Data investor site and our Meyka stock page for NB2.DE Meyka NB2.DE stock page. Meyka AI is the AI-powered market analysis platform used to generate the grade and forecast above.
FAQs
What drives NB2.DE stock performance
NB2.DE stock moves on AI workload demand, data-center utilization, and energy costs. Near-term performance depends on contract wins and capex efficiency. Liquidity and free cash flow trends also affect investor sentiment.
What is Meyka AI’s NB2.DE forecast
Meyka AI’s forecast model projects a yearly price of €10.44 for NB2.DE stock, an implied -17.34% from €12.63. Monthly downside is €8.38. Forecasts are model-based and not guarantees.
Is NB2.DE a buy for AI stock portfolios
NB2.DE stock fits a high-risk sleeve for AI infrastructure exposure. Consider waiting for positive operating cash flow and utilization signals. Current Meyka grade is B (HOLD), not a buy recommendation.
What are the main risks for NB2.DE investors
Key risks include continued negative free cash flow per share -35.92, high net-debt-to-EBITDA 13.78, and volatile crypto-related revenues. Execution on commercial AI contracts is critical.
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.
