Jumia Technologies AG [JMIA] is -1.40% lower this YTD. Is it still time to buy?


Jumia Technologies AG [NYSE: JMIA] price plunged by -6.10 percent to reach at -$0.73. The company report on December 7, 2021 that Jumia 2021 Black Friday highlights.

(November 5 – November 30, 2021).

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A sum of 5717522 shares traded at recent session while its average daily volume was at 4.96M shares. Jumia Technologies AG shares reached a high of $12.00 and dropped to a low of $10.91 until finishing in the latest session at $11.24.

The one-year JMIA stock forecast points to a potential upside of 25.07. The average equity rating for JMIA stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $15.00 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.

Morgan Stanley have made an estimate for Jumia Technologies AG shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 29, 2021. While these analysts kept the previous recommendation, Stifel dropped their target price from $8 to $4.50. The new note on the price target was released on May 14, 2020, representing the official price target for Jumia Technologies AG stock.

The Average True Range (ATR) for Jumia Technologies AG is set at 1.11, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 6.69. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 1.89.

JMIA Stock Performance Analysis:

Jumia Technologies AG [JMIA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.09. With this latest performance, JMIA shares gained by 4.56% in over the last four-week period, additionally sinking by -56.04% over the last 6 months – not to mention a drop of -68.98% 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 41.36, with the RSI for the last a single of trading hit 41.27, and the three-weeks RSI is set at 41.12 for Jumia Technologies AG [JMIA]. The present Moving Average for the last 50 days of trading for this stock 14.40, while it was recorded at 11.52 for the last single week of trading, and 22.64 for the last 200 days.

Insight into Jumia Technologies AG Fundamentals:

Jumia Technologies AG’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

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Jumia Technologies AG [JMIA] Insider Position Details

There are presently around $296 million, or 28.50% of JMIA stock, in the hands of institutional investors. The top three institutional holders of JMIA stocks are: BAILLIE GIFFORD & CO with ownership of 9,488,902, which is approximately -1.361% of the company’s market cap and around 0.05% of the total institutional ownership; MORGAN STANLEY, holding 1,926,779 shares of the stock with an approximate value of $23.06 million in JMIA stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $20.98 million in JMIA stock with ownership of nearly -6.527% of the company’s market capitalization.

72 institutional holders increased their position in Jumia Technologies AG [NYSE:JMIA] by around 3,136,351 shares. Additionally, 95 investors decreased positions by around 4,802,695 shares, while 40 investors held positions by with 16,754,747 shares. The mentioned changes placed institutional holdings at 24,693,793 shares, according to the latest SEC report filing. JMIA stock had 18 new institutional investments in for a total of 593,643 shares, while 46 institutional investors sold positions of 1,402,026 shares during the same period.