For Jumia Technologies AG [JMIA], Analyst sees a rise to $11. What next?

Jumia Technologies AG [NYSE: JMIA] price plunged by -7.50 percent to reach at -$0.5. The company report on August 10, 2022 that Jumia Reports Second Quarter 2022 Results.


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A sum of 3130204 shares traded at recent session while its average daily volume was at 3.33M shares. Jumia Technologies AG shares reached a high of $6.7799 and dropped to a low of $6.08 until finishing in the latest session at $6.17.

The one-year JMIA stock forecast points to a potential upside of 11.86.

Guru’s Opinion on Jumia Technologies AG [JMIA]:

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 0.53, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 2.12, with the Price to Cash per share for the same quarter was set at 3.51.

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 -18.82. With this latest performance, JMIA shares dropped by -15.25% in over the last four-week period, additionally sinking by -32.64% over the last 6 months – not to mention a drop of -67.83% 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 36.75, with the RSI for the last a single of trading hit 29.36, and the three-weeks RSI is set at 41.32 for Jumia Technologies AG [JMIA]. The present Moving Average for the last 50 days of trading for this stock 7.05, while it was recorded at 6.82 for the last single week of trading, and 8.16 for the last 200 days.

Insight into Jumia Technologies AG Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Jumia Technologies AG [JMIA] shares currently have an operating margin of -135.07 and a Gross Margin at +56.70. Jumia Technologies AG’s Net Margin is presently recorded at -127.50.

Return on Equity for this stock declined to -65.98, with Return on Assets sitting at -44.76.

Jumia Technologies AG’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 2.70.

Jumia Technologies AG [JMIA] Insider Position Details

58 institutional holders increased their position in Jumia Technologies AG [NYSE:JMIA] by around 2,834,602 shares. Additionally, 64 investors decreased positions by around 6,945,073 shares, while 38 investors held positions by with 10,819,570 shares. The mentioned changes placed institutional holdings at 20,599,245 shares, according to the latest SEC report filing. JMIA stock had 21 new institutional investments in for a total of 1,459,716 shares, while 22 institutional investors sold positions of 2,675,296 shares during the same period.

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