Growth Story Still Intact For Jumia Technologies Ag ADR (JMIA)

Jumia Technologies Ag ADR (JMIA) concluded trading on Thursday at a closing price of $5.26, with 4.79 million shares of worth about $25.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 89.21% during that period and on April 4, 2024 the price saw a gain of about 0.57%. Currently the company’s common shares owned by public are about 101.14M shares, out of which, 100.78M shares are available for trading.

However, the stock later moved at a day high price of 7.65, or with a gain of 0.57%. Stock saw a price change of 1.74% in past 5 days and over the past one month there was a price change of -19.82%. Year-to-date (YTD), JMIA shares are showing a performance of 49.01% which increased to 63.35% 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 $8.10 during that period. The average intraday trading volume for Jumia Technologies Ag ADR shares is 3.08 million. The stock is currently trading -13.37% below its 20-day simple moving average (SMA20), while that difference is up 8.28% for SMA50 and it goes to 44.30% higher than SMA200.

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Jumia Technologies Ag ADR (NYSE: JMIA) currently have 101.14M outstanding shares and institutions hold larger chunk of about 16.52% of that.

The stock has a current market capitalization of $532.00M and its 3Y-monthly beta is at 2.93. It has posted earnings per share of -$1.03 in the same period. It has Quick Ratio of 1.33 while making debt-to-equity ratio of 0.09. 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 8.09% while standing at 9.37% over the month.

Stock’s fiscal year EPS is expected to rise by 66.00% while it is estimated to increase by 47.06% 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. Coverage by Morgan Stanley stated Jumia Technologies Ag ADR (JMIA) stock as an Underweight in their note to investors on November 29, 2021, suggesting a price target of $11 for the stock. Stock get an Outperform rating from RBC Capital Mkts on August 22, 2019.

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