Jumia Technologies Ag ADR [NYSE: JMIA] stock went on an upward path that rose over 1.39% on Wednesday, amounting to a one-week price decrease of less than -7.26%.
Over the last 12 months, JMIA stock rose by 127.50%. The one-year Jumia Technologies Ag ADR stock forecast points to a potential downside of -82.0. The average equity rating for JMIA stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $736.30 million, with 101.14 million shares outstanding and 100.78 million shares in the current float. Compared to the average trading volume of 3.65M shares, JMIA stock reached a trading volume of 6508137 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Jumia Technologies Ag ADR [JMIA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JMIA shares is $4.00 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 ADR shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 03, 2024. The new note on the price target was released on November 29, 2021, representing the official price target for Jumia Technologies Ag ADR stock. Previously, the target price had yet another drop from $8 to $4.50, while Stifel kept a Hold rating on JMIA stock.
The Average True Range (ATR) for Jumia Technologies Ag ADR is set at 0.77, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 3.65. The Price to Book ratio for the last quarter was 17.12, with the Price to Cash per share for the same quarter was set at 0.28.
JMIA Stock Performance Analysis:
Jumia Technologies Ag ADR [JMIA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.26. With this latest performance, JMIA shares gained by 18.18% in over the last four-week period, additionally plugging by 90.58% over the last 6 months – not to mention a rise of 127.50% 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 48.26, with the RSI for the last a single of trading hit 42.72, and the three-weeks RSI is set at 51.40 for Jumia Technologies Ag ADR [JMIA]. The present Moving Average for the last 50 days of trading for this stock 6.38, while it was recorded at 7.31 for the last single week of trading, and 4.37 for the last 200 days.
Insight into Jumia Technologies Ag ADR Fundamentals:
Jumia Technologies Ag ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.19 and a Current Ratio set at 1.27.
Jumia Technologies Ag ADR [JMIA] Institutonal Ownership Details
The top three institutional holders of JMIA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in JMIA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in JMIA stock with ownership which is approximately 5.8386%.
