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Is Jumia Technologies Ag ADR (NYSE: JMIA) Stock Ready To Get A Higher Bid?

In the last trading session, 1.32 million Jumia Technologies Ag ADR (NYSE:JMIA) shares changed hands as the company’s beta touched 2.66. With the company’s per share price at $2.89 changed hands at -$0.01 or -0.34% during last session, the market valuation stood at $290.79M. JMIA’s last price was a discount, traded about -76.12% off its 52-week high of $5.09. The share price had its 52-week low at $2.22, which suggests the last value was 23.18% up since then. When we look at Jumia Technologies Ag ADR’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 1.23 million.

Jumia Technologies Ag ADR (NYSE:JMIA) trade information

Instantly JMIA was in red as seen at the end of in last trading. With action 15.14%, the performance over the past five days has been green. The drop to weekly highs of 2.96 on Monday, 11/20/23 subtracted -0.34% to the stock’s daily price. The company’s shares are showing year-to-date downside of -9.97%, with the 5-day performance at 15.14% in the green. However, in the 30-day time frame, Jumia Technologies Ag ADR (NYSE:JMIA) is 24.57% up. Looking at the short shares, we see there were 9.84 million shares sold at short interest cover period of 7.92 days.

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Jumia Technologies Ag ADR (JMIA) estimates and forecasts

Year-over-year growth is forecast to reach -10.50% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $48.52 million. 1 analysts are of the opinion that Jumia Technologies Ag ADR’s revenue for the quarter ending Sep 2023 will be $44.89 million. The company’s revenue for the corresponding quarters a year ago was $57.32 million and $50.49 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.40%. The estimates for the next quarter sales put growth at -11.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.49%. The 2023 estimates are for Jumia Technologies Ag ADR earnings to increase by 55.33%.

JMIA Dividends

Jumia Technologies Ag ADR is expected to release its next quarterly earnings report between February 14 and February 19.

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