In yesterday’s Wall Street session, Jumia Technologies AG (NYSE:JMIA) shares traded at $4.89, up 14.52% from the previous session.
As of this writing, 2 analysts cover Jumia Technologies AG (NYSE:JMIA). 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 $4.27, this indicates a potential downside of -29.74 percent. JMIA stock price is now 36.73% away from the 50-day moving average and 32.06% away from the 200-day moving average. The market capitalization of the company currently stands at $492.01M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. 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 $791,000. GROUP ONE TRADING, L.P. invested $209,000 in shares of JMIA during the first quarter. In the first quarter, INSIGNEO ADVISORY SERVICES, LLC acquired a new stake in Jumia Technologies AG valued at approximately $106,000. VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC acquired a new stake in JMIA for approximately $88,000. PFG INVESTMENTS, LLC purchased a new stake in JMIA valued at around $73,000 in the second quarter. In total, there are 138 active investors with 23.70% ownership of the company’s stock.
Monday morning saw Jumia Technologies AG (NYSE: JMIA) opened at $4.2900. 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 $3.6162 and a two-hundred day moving average price translates $3.7013 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.
