Goldman Sachs & Co. LLC has recently announced that it has increased stake in Jumia Technologies Ag ADR (NYSE:JMIA) by 8.80%. After grabbing 1.25 million shares, the institutional investor is now in possession of 0.1 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.24% having worth around $4.24 million. Moreover, SSgA Funds Management, Inc. increased its share by 17171.0 to have a control over 0.85 million shares. And Morgan Stanley & Co. LLC raised its holdings to 26609.0 shares by acquiring 0.28 million shares or 0.28% of the stake.
Jumia Technologies Ag ADR (JMIA) concluded trading on December 20, 2023 at a closing price of $3.66, with 3.92 million shares of worth about $14.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.91% during that period and On Wednesday the price saw a loss of about -5.43%. Currently the company’s common shares owned by public are about 100.62M shares, out of which, 100.26M shares are available for trading.
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Vanguard International Growth Fun, SPDR S&P Kensho New Economies Com, and Vanguard Variable Insurance – Int are the top 3 mutual funds which are holding stakes in Jumia Technologies Ag ADR Vanguard International Growth Fun is currently holding 6.72 million shares of worth totaling $22.8 million. The company recently came buying 0.0 shares which brought its stake up to 6.68% of the company’s outstanding shares. Vanguard Variable Insurance – Int, after buying 0.48 million shares, have now control over 0.48% of the stake in the company. It holds 0.0 shares of worth $1.62 million.
However, the stock later moved at a day high price of 4.0750, or with a loss of -5.43%. Stock saw a price change of 5.78% in past 5 days and over the past one month there was a price change of 26.64%. Year-to-date (YTD), JMIA shares are showing a performance of 14.02% which increased to 11.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.22 but also hit the highest price of $5.09 during that period. The average intraday trading volume for Jumia Technologies Ag ADR shares is 1.51 million. The stock is currently trading 4.66% above its 20-day simple moving average (SMA20), while that difference is up 24.91% for SMA50 and it goes to 16.16% higher than SMA200.
Goldman Sachs & Co. LLC acquired 1.25 million shares of Jumia Technologies Ag ADR having value of about $4.24 million. Data submitted at the U.S SEC by Goldman Sachs & Co. LLC revealed that the firm now holds 0.1 million shares in the company valued at close to $369897.9, or have control over 8.80% stake in the company. Jumia Technologies Ag ADR (NYSE: JMIA) currently have 100.62M outstanding shares and institutions hold larger chunk of about 16.79% of that. Holding of mutual funds in the company is about 7.88% while other institutional holders and individual stake holders have control over 8.92% and — of the stake respectively.
The stock has a current market capitalization of $368.27M and its 3Y-monthly beta is at 2.75. It has posted earnings per share of -$1.41 in the same period. It has Quick Ratio of 1.51 while making debt-to-equity ratio of 0.08. 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 8.35% while standing at 8.47% over the month.
Analysts are in expectations that Jumia Technologies Ag ADR (JMIA) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.73 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 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 -$0.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 57.01% while it is estimated to increase by 28.48% in next year.
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 Morgan Stanley on November 29, 2021 offering an Underweight rating for the stock and assigned a target price of $11 to it.
