Jumia Technologies Ag ADR (NYSE: JMIA)’s Potential for Significant Price Increase in the Near Future

In the latest trading session, 0.53 million Jumia Technologies Ag ADR (NYSE:JMIA) shares changed hands as the company’s beta touched 2.88. With the company’s most recent per share price at $4.02 changed hands at -$0.01 or -0.25% at last look, the market valuation stands at $410.96M. JMIA’s current price is a discount, trading about -274.13% off its 52-week high of $15.04. The share price had its 52-week low at $2.88, which suggests the last value was 28.36% up since then. When we look at Jumia Technologies Ag ADR’s average trading volume, we note the 10-day average is 4.17 million shares, with the 3-month average coming to 3.09 million.

Analysts gave the Jumia Technologies Ag ADR (JMIA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended JMIA as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Jumia Technologies Ag ADR’s EPS for the current quarter is expected to be 0.

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Jumia Technologies Ag ADR (NYSE:JMIA) trade information

Instantly JMIA was in red as seen in intraday trades today. With action -10.07%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 13.88%, with the 5-day performance at -10.07% in the red. However, in the 30-day time frame, Jumia Technologies Ag ADR (NYSE:JMIA) is 10.44% up. Looking at the short shares, we see there were 4.99 million shares sold at short interest cover period of 1.9 days.

The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 55.33% from its recent market value. According to analyst projections, JMIA’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a -123.88% plunge from its current level, while the stock would need to soar -123.88% for it to hit the projected low.

Jumia Technologies Ag ADR (JMIA) estimates and forecasts

Data shows that the Jumia Technologies Ag ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.01% over the past 6 months, a 74.49% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach -5.03% 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 47.62M. 1 analysts are of the opinion that Jumia Technologies Ag ADR’s revenue for the current quarter will be 51.94M. The estimates for the next quarter sales put growth at 14.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.58%. The 2024 estimates are for Jumia Technologies Ag ADR earnings to increase by 26.00%.

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

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

Among Mutual Funds, the top two as of Aug 31, 2024 were Vanguard International Growth Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. With 6.72 shares estimated at $26.73 million under it, the former controlled 6.65% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held about 0.48% of the shares, roughly 481.86 shares worth around $1.92 million.