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Jumia Technologies AG (NYSE:JMIA) Currently -258.51% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, Jumia Technologies AG (NYSE:JMIA) saw 1.75 million shares changing hands with its beta currently measuring 2.45. Company’s recent per share price level of $4.17 trading at $0.06 or 1.46% at ring of the bell on the day assigns it a market valuation of $416.49M. That closing price of JMIA’s stock is at a discount of -258.51% from its 52-week high price of $14.95 and is indicating a premium of 12.47% from its 52-week low price of $3.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.16 million shares which gives us an average trading volume of 2.46 million if we extend that period to 3-months.

For Jumia Technologies AG (JMIA), analysts’ consensus is at an average recommendation of an Underweight. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Jumia Technologies AG (NYSE:JMIA) trade information

Upright in the green during last session for gaining 1.46%, in the last five days JMIA remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $4.17 price level, adding 23.06% to its value on the day. Jumia Technologies AG’s shares saw a change of -63.42% in year-to-date performance and have moved -12.03% in past 5-day. Jumia Technologies AG (NYSE:JMIA) showed a performance of -22.92% in past 30-days. Number of shares sold short was 8.28 million shares which calculate 4.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.00 to the stock, which implies a rise of 16.6% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -43.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.08% for stock’s current value.

JMIA Dividends

Jumia Technologies AG is more likely to be releasing its next quarterly report between February 21 and February 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Jumia Technologies AG (NYSE:JMIA)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 21.16 percent of that, with stock having share float percentage of 21.16%. Investors also watch the number of corporate investors in a company very closely, which is 21.16% institutions for Jumia Technologies AG that are currently holding shares of the company. Baillie Gifford and Company is the top institutional holder at JMIA for having 9.82 million shares of worth $57.08 million. And as of Sep 29, 2022, it was holding 9.84% of the company’s outstanding shares.

The second largest institutional holder is Shaw D.E. & Co., Inc., which was holding about 1.39 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 1.40% of outstanding shares, having a total worth of $8.45 million.

On the other hand, Vanguard International Growth Fund and Vanguard Variable Insurance Fund-International are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 6.72 million shares of worth $48.89 million or 6.73% of the total outstanding shares. The later fund manager was in possession of 0.48 million shares on Jun 29, 2022, making its stake of worth around $2.89 million in the company or a holder of 0.48% of company’s stock.

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