Why Jumia Technologies Ag ADR (NYSE: JMIA) Stock Should Not Be Taken For Granted By Investors In 2024

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In today’s recent session, 1.19 million shares of the Jumia Technologies Ag ADR (NYSE:JMIA) have been traded, and its beta is 2.94. Most recently the company’s share price was $5.55, and it changed around -$0.32 or -5.41% from the last close, which brings the market valuation of the company to $567.61M. JMIA at last check was trading at a discount to its 52-week high of $15.04, offering almost -170.99% off that amount. The share price’s 52-week low was $2.23, which indicates that the recent value has risen by an impressive 59.82% since then. We note from Jumia Technologies Ag ADR’s average daily trading volume that its 10-day average is 3.2 million shares, with the 3-month average coming to 5.69 million.

Jumia Technologies Ag ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended JMIA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Jumia Technologies Ag ADR is expected to report earnings per share of 0 for the current quarter.

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Jumia Technologies Ag ADR (NYSE:JMIA) trade information

Instantly JMIA has been showing red trend so far today with a performance of -5.41% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.00 on recent trading dayincreased the stock’s daily price by 7.5%. The company’s shares are currently up 57.29% year-to-date, but still up 3.98% over the last five days. On the other hand, Jumia Technologies Ag ADR (NYSE:JMIA) is 33.47% up in the 30-day period. We can see from the shorts that 7.15 million shares have been sold at a short interest cover period of 1.82 day(s).

The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 38.33% from its current value. Analyst projections state that JMIA is forecast to be at a low of $9 and a high of $9.

Jumia Technologies Ag ADR (JMIA) estimates and forecasts

Jumia Technologies Ag ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.57 percent over the past six months and at a 74.49% annual growth rate that is well above the industry average of 14.50%. The year-over-year growth rate is expected to be -16.00%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 48.52M in revenue for the current quarter. 1 analysts expect Jumia Technologies Ag ADR to make 44.89M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 57.32M and 50.49M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.40%. Forecasts for the next quarter put sales growth at -11.10%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.58%.

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

D. E. SHAW & CO., INC., with 4.2102% or 4.26 million shares worth $29.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.