Market Analysts see Jumia Technologies AG [JMIA] falling to $4.50. Time to buy?

Jumia Technologies AG [NYSE: JMIA] traded at a high on 12/22/20, posting a 14.15 gain after which it closed the day’ session at $47.67. The company report on December 3, 2020 that Jumia Announces the Completion of its At The Market Offering.

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Jumia Technologies AG (“Jumia”), the leading pan-African e-commerce platform, announced that it has completed its “at the market” offering. All 7,969,984 ADSs offered by Jumia have been sold at an average price of $30.51 per ADS, generating aggregate gross process of $243.2 million. Proceeds, net of commissions and expenses, are expected to be $231.4 million. Jumia intends to use the net proceeds from this offering for general corporate purposes.

On November 30, 2020, Jumia filed a prospectus supplement with the Securities and Exchange Commission for the sale of 7,969,984 ADSs through an “at the market” offering with Citigroup Global Markets Inc. as Jumia’s agent.

The results of the trading session contributed to over 17060970 shares changing hands. Over the past one week, the price volatility of Jumia Technologies AG stands at 11.68% while the volatility over the past one month is 15.61%.

The market cap for JMIA stock reached $3.56 billion, with 80.52 million shares outstanding and 6.75 million shares in the current float. Compared to the average trading volume of 16.04M shares, JMIA reached a trading volume of 17060970 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Jumia Technologies AG [JMIA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JMIA shares is $16.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JMIA stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Jumia Technologies AG shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 14, 2020. The new note on the price target was released on March 25, 2020, representing the official price target for Jumia Technologies AG stock.

The Average True Range (ATR) for Jumia Technologies AG is set at 4.52, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 19.72. The Price to Book ratio for the last quarter was 39.72, with the Price to Cash per share for the same quarter was set at 2.44.

How has JMIA stock performed recently?

Jumia Technologies AG [JMIA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.36. With this latest performance, JMIA shares gained by 92.68% in over the last four-week period, additionally plugging by 748.22% over the last 6 months – not to mention a rise of 768.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JMIA stock in for the last two-week period is set at 74.88, with the RSI for the last a single of trading hit 78.28, and the three-weeks RSI is set at 73.02 for Jumia Technologies AG [JMIA]. The present Moving Average for the last 50 days of trading for this stock 24.71, while it was recorded at 42.07 for the last single week of trading, and 11.43 for the last 200 days.

Jumia Technologies AG [JMIA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Jumia Technologies AG [JMIA] shares currently have an operating margin of -139.78 and a Gross Margin at +42.39. Jumia Technologies AG’s Net Margin is presently recorded at -141.32.

Return on Total Capital for JMIA is now -184.37, given the latest momentum, and Return on Invested Capital for the company is -188.30. Return on Equity for this stock declined to -193.23, with Return on Assets sitting at -102.32. When it comes to the capital structure of this company, Jumia Technologies AG [JMIA] has a Total Debt to Total Equity ratio set at 5.02. Additionally, JMIA Total Debt to Total Capital is recorded at 4.78, with Total Debt to Total Assets ending up at 3.09. Long-Term Debt to Equity for the company is recorded at 3.35, with the Long-Term Debt to Total Capital now at 3.19.

Reflecting on the efficiency of the workforce at the company, Jumia Technologies AG [JMIA] managed to generate an average of -$60,844 per employee. Receivables Turnover for the company is 8.26 with a Total Asset Turnover recorded at a value of 0.72.Jumia Technologies AG’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings analysis for Jumia Technologies AG [JMIA]

With the latest financial reports released by the company, Jumia Technologies AG posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JMIA.

Insider trade positions for Jumia Technologies AG [JMIA]

There are presently around $1,136 million, or 30.00% of JMIA stock, in the hands of institutional investors. The top three institutional holders of JMIA stocks are: BAILLIE GIFFORD & CO with ownership of 9,017,500, which is approximately -2.409% of the company’s market cap and around 0.09% of the total institutional ownership; AXA S.A., holding 5,279,888 shares of the stock with an approximate value of $251.69 million in JMIA stocks shares; and PENSERRA CAPITAL MANAGEMENT LLC, currently with $77.91 million in JMIA stock with ownership of nearly 34.336% of the company’s market capitalization.

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Positions in Jumia Technologies AG stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 69 institutional holders increased their position in Jumia Technologies AG [NYSE:JMIA] by around 10,440,710 shares. Additionally, 32 investors decreased positions by around 5,617,333 shares, while 11 investors held positions by with 7,782,397 shares. The mentioned changes placed institutional holdings at 23,840,440 shares, according to the latest SEC report filing. JMIA stock had 43 new institutional investments in for a total of 8,439,131 shares, while 16 institutional investors sold positions of 593,282 shares during the same period.

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