Growth Story Still Intact For Jumia Technologies AG (JMIA)


    Point72 Asset Management LP has recently announced that it has increased stake in Jumia Technologies AG (NYSE:JMIA) by 8.41%. After grabbing 2.32 million shares, the institutional investor is now in possession of 0.18 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.96% having worth around $36.11 million. Moreover, Penserra Capital Management LLC increased its share by 0.6 million to have a control over 1.22 million shares. And Global Thematic Partners LLC raised its holdings to 0.12 million shares by acquiring 0.74 million shares or 0.95% of the stake.

    Jumia Technologies AG (JMIA) concluded trading on 08/26/20 at a closing price of $9.68, with 10.94 million shares of worth about $105.88 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -13.80% during that period and on Wednesday the price saw a loss of about -8.77%. Currently the company’s common shares owned by public are about 78.41M shares, out of which, 6.75M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the JMIA stock and their offered price forecasts bring an average price target of $10.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.70 and could fall to a lowest price of $6.78. Analysts also issued an outlook of 3.00 for the Jumia Technologies AG stock for next 12 months. The stock’s current price level is 22.99% above of average price target set by the analysts, while a rise to estimated low would result in loss of -42.77 for the stock. However, touching the estimated high of $13.70 would mean a gain of 29.34% for the stock.

    Vanguard International Growth Fun, Amplify Online Retail ETF, and Vanguard Variable Insurance – Int are the top 3 mutual funds which are holding stakes in Jumia Technologies AG Vanguard International Growth Fun is currently holding 6.72 million shares of worth totaling $104.64 million. The company recently came buying 0.0 shares which brought its stake up to 8.58% of the company’s outstanding shares. Amplify Online Retail ETF bought 53879.0 shares, after which its hold over company’s outstanding shares expand to 1.90%, leaving 1.49 million shares with the mutual fund that have a worth of about $23.12 million. Vanguard Variable Insurance – Int, after buying 0.64 million shares, have now control over 0.82% of the stake in the company. It holds 0.0 shares of worth $10.04 million.

    Jumia Technologies AG (NYSE: JMIA) started trading at $10.73, above $0.12 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $9.68, or with a loss of -8.77%. Stock saw a price change of -13.80% in past 5 days and over the past one month there was a price change of -5.00%. Year-to-date (YTD), JMIA shares are showing a performance of 43.83% which decreased to -12.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.15 but also hit the highest price of $23.90 during that period. While comparing its average daily trading volume of 8.56 million shares, we see that about 10.94 million changed hands on the day. The stock is currently trading -31.78% below its 20-day simple moving average (SMA20), while that difference is down -2.52% for SMA50 and it goes to 55.66% higher than SMA200.

    Point72 Asset Management LP acquired 2.32 million shares of Jumia Technologies AG having value of about $36.11 million. Data submitted at the U.S SEC by Point72 Asset Management LP revealed that the firm now holds 0.18 million shares in the company valued at close to $1741664.32, or have control over 8.41% stake in the company. Jumia Technologies AG (NYSE: JMIA) currently have 78.41M outstanding shares and institutions hold larger chunk of about 25.50% of that. Holding of mutual funds in the company is about 12.52% while other institutional holders and individual stake holders have control over 13.68% and — of the stake respectively.

    The stock has a current market capitalization of $825.80M. It has posted earnings per share of -$3.45 in the same period. It has Quick Ratio of 2.50 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JMIA, volatility over the week remained 10.53% while standing at 17.59% over the month.

    Analysts are in expectations that Jumia Technologies AG (JMIA) stock would likely to be making an EPS of -$0.71 in the current quarter, while forecast for next quarter ESPS is -$0.61 and it is -$2.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.76 which is -$0.63 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.00% while it is estimated to increase by 9.50% in next year.

    Analysts at 8 brokerage firms have issued recommendations for the Jumia Technologies AG (JMIA)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 8 Wall Street analysts, 1 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on May 14, 2020 offering a Hold rating for the stock and assigned a target price range of between $8 and $4.50 to it. Coverage by Berenberg stated Jumia Technologies AG (JMIA) stock as a Hold in their note to investors on March 25, 2020, suggesting a price target of for the stock. On August 22, 2019, RBC Capital Mkts Upgrade their recommendations, while on August 20, 2019, Morgan Stanley Upgrade their ratings for the stock with a price target of. Stock get an Outperform rating from Raymond James on May 14, 2019.


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