Jumia Technologies Ag ADR [NYSE: JMIA] stock went on a downward path that fall over -53.82% on Tuesday, amounting to a one-week price decrease of less than -59.79%.
Over the last 12 months, JMIA stock rose by 17.55%. The one-year Jumia Technologies Ag ADR stock forecast points to a potential upside of 65.07. The average equity rating for JMIA stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $494.57 million, with 101.14 million shares outstanding and 100.78 million shares in the current float. Compared to the average trading volume of 5.63M shares, JMIA stock reached a trading volume of 34484987 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 $14.00 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 1.00. 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.
The Benchmark Company have made an estimate for Jumia Technologies Ag ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 09, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $3 to $3.60. The new note on the price target was released on January 03, 2024, representing the official price target for Jumia Technologies Ag ADR stock. Previously, the target price had yet another raise to $11, while Morgan Stanley analysts kept a Underweight rating on JMIA stock. On May 14, 2020, analysts decreased their price target for JMIA shares from 8 to 4.50.
The Average True Range (ATR) for Jumia Technologies Ag ADR is set at 1.55, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 2.45. The Price to Book ratio for the last quarter was 11.50, 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 -59.79. With this latest performance, JMIA shares dropped by -42.20% in over the last four-week period, additionally plugging by 61.39% over the last 6 months – not to mention a rise of 17.55% 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 25.85, with the RSI for the last a single of trading hit 16.79, and the three-weeks RSI is set at 32.30 for Jumia Technologies Ag ADR [JMIA]. The present Moving Average for the last 50 days of trading for this stock 9.52, while it was recorded at 9.87 for the last single week of trading, and 5.53 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in JMIA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in JMIA stock with ownership which is approximately 5.1238%.
