Analysts Update Their Price Forecasts For Jumia Technologies Ag ADR (JMIA)

Jumia Technologies Ag ADR (JMIA) concluded trading on Thursday at a closing price of $4.56, with 17.12 million shares of worth about $78.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.51% during that period and on Thursday the price saw a gain of about 41.18%. Currently the company’s common shares owned by public are about 100.62M shares, out of which, 100.26M shares are available for trading.

Stock saw a price change of 42.50% in past 5 days and over the past one month there was a price change of 51.50%. Year-to-date (YTD), JMIA shares are showing a performance of 29.18% which increased to 19.37% 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 $4.92 during that period. The average intraday trading volume for Jumia Technologies Ag ADR shares is 1.49 million. The stock is currently trading 48.58% above its 20-day simple moving average (SMA20), while that difference is up 36.66% for SMA50 and it goes to 42.70% higher than SMA200.

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Jumia Technologies Ag ADR (NYSE: JMIA) currently have 100.62M outstanding shares and institutions hold larger chunk of about 16.50% of that.

The stock has a current market capitalization of $458.83M and its 3Y-monthly beta is at 2.73. 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 11.76% while standing at 6.95% 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 -$0.67 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 58.82% while it is estimated to increase by 31.63% 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 January 03, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $3 and $3.60 to it.

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