There Has Been A -0.97% Decline For Jumia Technologies Ag ADR (NYSE: JMIA). So What’s Next?

Jumia Technologies Ag ADR (NYSE:JMIA)’s traded shares stood at 2.59 million during the last session, with the company’s beta value hitting 2.94. At the close of trading, the stock’s price was $5.12, to imply a decrease of -0.97% or -$0.05 in intraday trading. The JMIA share’s 52-week high remains $8.10, putting it -58.2% down since that peak but still an impressive 56.64% since price per share fell to its 52-week low of $2.22. The company has a valuation of $515.17M, with an average of 3.11 million shares in intraday trading volume over the past 10 days and average of 3.02 million shares over the past 3 months.

Jumia Technologies Ag ADR (NYSE:JMIA) trade information

After registering a -0.97% downside in the last session, Jumia Technologies Ag ADR (JMIA) has traded red over the past five days. The stock hit a weekly high of 5.93, dropping -0.97% in its intraday price action. The 5-day price performance for the stock is -13.95%, and -8.90% over 30 days. With these gigs, the year-to-date price performance is 45.04%. Short interest in Jumia Technologies Ag ADR (NYSE:JMIA) saw shorts transact 5.81 million shares and set a 2.03 days time to cover.

Jumia Technologies Ag ADR (JMIA) estimates and forecasts

The rating firms project that company’s revenue will shrink -16.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $48.52 million. Meanwhile, for the quarter ending Sep 2023, a total of 1 analyst(s) estimate revenue growth to $44.89 million.Earnings reports from the last fiscal year show that sales brought in $57.32 million and $50.49 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -15.40% before dropping -11.10% in the following quarter.

JMIA Dividends

Jumia Technologies Ag ADR has its next earnings report out between May 21 and May 27. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Jumia Technologies Ag ADR has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Jumia Technologies Ag ADR (NYSE:JMIA)’s Major holders

Jumia Technologies Ag ADR insiders hold 0.00% of total outstanding shares, with institutional holders owning 16.89% of the shares at 16.89% float percentage. In total, 16.89% institutions holds shares in the company, led by Baillie Gifford and Company. As of Jun 29, 2023, the company held over 9.37 million shares (or 9.26% of shares), all amounting to roughly $32.03 million.

The next major institution holding the largest number of shares is Goldman Sachs Group Inc with 1.4 million shares, or about 1.38% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $4.79 million.

We also have Vanguard International Growth Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF as the top two Mutual Funds with the largest holdings of the Jumia Technologies Ag ADR (JMIA) shares. Going by data provided on May 30, 2023, Vanguard International Growth Fund holds roughly 6.72 million shares. This is just over 6.65% of the total shares, with a market valuation of $18.76 million. Data from the same date shows that the other fund manager holds a little less at 0.71 million, or 0.70% of the shares, all valued at about 2.18 million.