In yesterday’s Wall Street session, Jumia Technologies AG (NYSE:JMIA) shares traded at $4.10, up 11.11% from the previous session.
3 analysts cover Jumia Technologies AG (NYSE:JMIA), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $3.69, this indicates a potential downside of -18.7 percent. JMIA stock price is now 30.76% away from the 50-day moving average and 6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $412.53M.
The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target maintained at $11, Morgan Stanley recently Downgraded its rating from Equal-Weight to Underweight for Jumia Technologies AG (NYSE: JMIA).
There have been several recent changes in the stakes of large investors in JMIA stock. A new stake in Jumia Technologies AG shares was purchased by DEUTSCHE BANK AG during the first quarter worth $663,000. IMC-CHICAGO, LLC invested $362,000 in shares of JMIA during the first quarter. In the first quarter, GROUP ONE TRADING, L.P. acquired a new stake in Jumia Technologies AG valued at approximately $176,000. INSIGNEO ADVISORY SERVICES, LLC acquired a new stake in JMIA for approximately $89,000. PFG INVESTMENTS, LLC purchased a new stake in JMIA valued at around $62,000 in the second quarter. In total, there are 159 active investors with 23.70% ownership of the company’s stock.
On Monday morning Jumia Technologies AG (NYSE: JMIA) stock kicked off with the opening price of $3.7100. During the past 12 months, Jumia Technologies AG has had a low of $2.55 and a high of $10.08. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 1.80, and a quick ratio of 1.70. The fifty day moving average price for JMIA is $3.1666 and a two-hundred day moving average price translates $3.8217 for the stock.
The latest earnings results from Jumia Technologies AG (NYSE: JMIA) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.16, beating analysts’ expectations of -$0.36 by 0.2. This compares to -$9 EPS in the same period last year. The net profit margin was -90.90% and return on equity was -96.90% for JMIA. The company reported revenue of $46.27 million for the quarter, compared to $47.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.78 percent. For the current quarter, analysts expect JMIA to generate $48.7M in revenue.
Jumia Technologies AG(JMIA) Company Profile
Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company’s platform in selected markets. Its marketplace offers various products in a range of categories, such as fashion and apparel, beauty and personal care, home and living, fast moving consumer goods, smartphones, and other electronics, as well as access to various services, including restaurant food delivery, airtime recharge, and utility bills payment services. The company was formerly known as Africa Internet Holding GmbH and changed its name to Jumia Technologies AG in January 2019. Jumia Technologies AG was incorporated in 2012 and is headquartered in Berlin, Germany.
