why Jumia Technologies Ag ADR [JMIA] is a Good Choice for Investors After New Price Target of $3.80

Jumia Technologies Ag ADR [NYSE: JMIA] closed the trading session at $4.14.

The stocks have a year to date performance of 17.28 percent and weekly performance of -0.96 percent. The stock has been moved at -42.98 percent over the last six months. The stock has performed 0.73 percent around the most recent 30 days and changed -20.54 percent over the most recent 3-months.

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If compared to the average trading volume of 3.10M shares, JMIA reached to a volume of 2688238 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $3.80 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 4.00. 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.

RBC Capital Mkts have made an estimate for Jumia Technologies Ag ADR shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on July 09, 2024, representing the official price target for Jumia Technologies Ag ADR stock. Previously, the target price had yet another raise from $3 to $3.60, while Morgan Stanley kept a Equal-Weight rating on JMIA stock.

The Average True Range (ATR) for Jumia Technologies Ag ADR is set at 0.34, with the Price to Sales ratio for JMIA stock in the period of the last 12 months amounting to 2.34. The Price to Book ratio for the last quarter was 16.57, with the Price to Cash per share for the same quarter was set at 1.61.

JMIA stock trade performance evaluation

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 -0.96. With this latest performance, JMIA shares gained by 0.73% in over the last four-week period, additionally sinking by -42.98% over the last 6 months – not to mention a rise of 8.66% 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 47.42, with the RSI for the last a single of trading hit 46.73, and the three-weeks RSI is set at 47.09 for Jumia Technologies Ag ADR [JMIA]. The present Moving Average for the last 50 days of trading for this stock 4.33, while it was recorded at 4.07 for the last single week of trading, and 6.05 for the last 200 days.

Jumia Technologies Ag ADR [JMIA]: An insightful look at the core fundamentals

Jumia Technologies Ag ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.73 and a Current Ratio set at 1.80.

Jumia Technologies Ag ADR [JMIA]: Institutional Ownership

The top three institutional holders of JMIA stocks are: BAILLIE GIFFORD & CO with ownership of 9.11 million shares, which is approximately 9.0039%. D. E. SHAW & CO., INC., holding 4.26 million shares of the stock with an approximate value of $$29.89 million in JMIA stocks shares; and D. E. SHAW & CO., INC., currently with $$8.87 million in JMIA stock with ownership which is approximately 1.2496%.