Why Invest In Jumia Technologies Ag ADR (JMIA) Stock?

Jumia Technologies Ag ADR (NYSE:JMIA) has a beta value of 2.93 and has seen 1.63 million shares traded in the last trading session. The company, currently valued at $474.35M, closed the last trade at $4.64 per share which meant it gained $0.13 on the day or 2.88% during that session. The JMIA stock price is -224.14% off its 52-week high price of $15.04 and 52.16% above the 52-week low of $2.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.81 million shares traded. The 3-month trading volume is 5.78 million shares.

The consensus among analysts is that Jumia Technologies Ag ADR (JMIA) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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Jumia Technologies Ag ADR (NYSE:JMIA) trade information

Sporting 2.88% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JMIA stock price touched $4.64 or saw a rise of 7.01%. Year-to-date, Jumia Technologies Ag ADR shares have moved 31.44%, while the 5-day performance has seen it change -0.85%. Over the past 30 days, the shares of Jumia Technologies Ag ADR (NYSE:JMIA) have changed -12.45%. Short interest in the company has seen 7.85 million shares shorted with days to cover at 1.13.

Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 48.44% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -93.97% off the targeted high while a plunge would see the stock gain -93.97% from current levels.

Jumia Technologies Ag ADR (JMIA) estimates and forecasts

Figures show that Jumia Technologies Ag ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -14.39% over the past 6 months, with this year growth rate of 74.49%, compared to 14.70% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.58% over the past 5 years.

JMIA Dividends

Jumia Technologies Ag ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are BAILLIE GIFFORD & CO with over 9.11 million shares worth more than $63.93 million. As of 2024-06-30, BAILLIE GIFFORD & CO held 9.0039% of shares outstanding.

The other major institutional holder is D. E. SHAW & CO., INC., with the holding of over 4.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $29.89 million and represent 4.2102% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard International Growth Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF . As of May 31, 2024 , the former fund manager holds about 6.65% shares in the company for having 6.72 shares of worth $31.2 million while later fund manager owns 480.92 shares of worth $2.23 million as of Aug 31, 2024 , which makes it owner of about 0.48% of company’s outstanding stock.