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Can Jumia Technologies AG (JMIA) Future Potential Be Undermined By Current Price Volatility?

Jumia Technologies AG (NYSE:JMIA) has a beta value of 2.47 and has seen 2.91 million shares traded in the last trading session. The company, currently valued at $414.49M, closed the last trade at $4.15 per share which meant it gained $0.15 on the day or 3.75% during that session. The JMIA stock price is -201.93% off its 52-week high price of $12.53 and 29.64% above the 52-week low of $2.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.2 million shares traded. The 3-month trading volume is 2.47 million shares.

Jumia Technologies AG (NYSE:JMIA) trade information

Sporting 3.75% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the JMIA stock price touched $4.15 or saw a rise of 8.59%. Year-to-date, Jumia Technologies AG shares have moved 29.28%, while the 5-day performance has seen it change 3.23%. Over the past 30 days, the shares of Jumia Technologies AG (NYSE:JMIA) have changed 24.62%. Short interest in the company has seen 8.28 million shares shorted with days to cover at 4.34.

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Wall Street analysts have a consensus price target for the stock at $5.00, which means that the shares’ value could jump 17.0% from current levels. The projected low price target is $4.00 while the price target rests at a high of $6.00. In that case, then, we find that the current price level is -44.58% off the targeted high while a plunge would see the stock lose 3.61% from current levels.

Jumia Technologies AG (JMIA) estimates and forecasts

The company’s shares have lost -25.76% over the past 6 months, compared to -5.90% for the industry.

JMIA Dividends

Jumia Technologies AG is expected to release its next earnings report between February 21 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 0.00% of the company shares, while shares held by institutions stand at 21.16% with a share float percentage of 21.16%. Investors are also buoyed by the number of investors in a company, with Jumia Technologies AG having a total of 168 institutions that hold shares in the company. The top two institutional holders are Baillie Gifford and Company with over 9.82 million shares worth more than $57.08 million. As of Sep 29, 2022, Baillie Gifford and Company held 9.84% of shares outstanding.

The other major institutional holder is Shaw D.E. & Co., Inc., with the holding of over 1.39 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $8.45 million and represent 1.40% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard International Growth Fund and Vanguard Variable Insurance Fund-International. As of May 30, 2022, the former fund manager holds about 6.73% shares in the company for having 6.72 million shares of worth $48.89 million while later fund manager owns 0.48 million shares of worth $2.89 million as of Jun 29, 2022, which makes it owner of about 0.48% of company’s outstanding stock.

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