Jumia Technologies Ag ADR (NYSE: JMIA) – Suitable For Long Term Buy?

Currently, there are 100.62M common shares owned by the public and among those 100.62M shares have been available to trade.

The company’s stock has a 5-day price change of -6.63% and 78.67% over the past three months. JMIA shares are trading 75.64% year to date (YTD), with the 12-month market performance up to 105.30% higher. It has a 12-month low price of $2.22 and touched a high of $8.10 over the same period. JMIA has an average intraday trading volume of 2.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.32%, 42.21%, and 75.33% respectively.

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Institutional ownership of Jumia Technologies Ag ADR (NYSE: JMIA) shares accounts for 16.61% of the company’s 100.62M shares outstanding.

It has a market capitalization of $623.84M and a beta (3y monthly) value of 2.96. The earnings-per-share (ttm) stands at -$1.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.79% over the week and 12.41% over the month.

Analysts forecast that Jumia Technologies Ag ADR (JMIA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.34 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 66.00%, and 47.06% over the next financial year.

Looking at the support for the JMIA, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 03, 2024, with the firm’s price target at $3-$3.60. Morgan Stanley coverage for the Jumia Technologies Ag ADR (JMIA) stock in a research note released on November 29, 2021 offered a Underweight rating with a price target of $11. RBC Capital Mkts on their part issued Outperform rating on August 22, 2019.

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