Jumia Technologies Ag ADR (NYSE: JMIA): To Buy Or Not To Buy, That Is The Question

Jumia Technologies Ag ADR (JMIA) concluded trading on Wednesday at a closing price of $7.98, with 4.65 million shares of worth about $37.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 137.50% during that period and on Wednesday the price saw a gain of about 6.68%. Currently the company’s common shares owned by public are about 101.14M shares, out of which, 100.78M shares are available for trading.

Stock saw a price change of 9.61% in past 5 days and over the past one month there was a price change of 11.45%. Year-to-date (YTD), JMIA shares are showing a performance of 126.06% which increased to 112.23% 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 $10.55 during that period. The average intraday trading volume for Jumia Technologies Ag ADR shares is 3.75 million. The stock is currently trading 0.01% above its 20-day simple moving average (SMA20), while that difference is up 20.15% for SMA50 and it goes to 78.84% 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 18.42% of that.

The stock has a current market capitalization of $807.09M and its 3Y-monthly beta is at 3.02. It has posted earnings per share of -$1.12 in the same period. It has Quick Ratio of 1.19 while making debt-to-equity ratio of 0.13. 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 8.37% while standing at 10.10% over the month.

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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