Jumia Technologies AG (JMIA): A Technical View

As of Friday close, Jumia Technologies AG’s (NYSE:JMIA) stock was up $0.33, moving up 4.97 percent to $6.97. The average number of shares traded per day over the past five days has been 4,034,380 shares. 5 times new highs have been achieved over the past 5 days, with a $1.46 gain in that time frame. In the last twenty days, the average volume was 3,115,040, while in the previous 50 days, it was 3,360,112.

Since last month, JMIA stock rose 8.06%. Shares of the company fell to $5.08 on 07/15/22, the lowest level in the past month. A 52-week high of $22.64 was reached on 04/04/22 after having rallying from a 52-week low of $4.47. Since the beginning of this year, JMIA’s stock price has dropped by -38.86% or -$4.43, and marked a new high 2 times. However, the stock has declined by -69.22% since its 52-week high.

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Financial Health

In the recent quarter, Jumia Technologies AG’s quick ratio stood at 3.10, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.02, and the total debt-to-equity ratio was 0.03. On the profitability front, the trailing twelve-month gross margin is 59.00% percent. Based on annual data, JMIA earned $110.55 million in gross profit and brought in $177.93 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -56.70%. Return on equity (ROE) for the past 12 months was -60.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. JMIA’s revenue rose 12.11% during the quarter, while net income inched up to $177.93 million. During the quarter, the company generated -$63.75 million in EBITDA. The liabilities of Jumia Technologies AG were 159.56 million at the end of its most recent quarter, and its total debt was $11.75 million.

Technical Picture

This quick technical analysis looks at Jumia Technologies AG’s (JMIA) price momentum. With a historical volatility rate of 56.14%, the RSI 9-day stood at 73.25% on 05 August.

With respect to its five-day moving average, the current Jumia Technologies AG price is up by +26.50% percent or $1.46. At present, JMIA shares trade +9.42% above its 20-day simple moving average and +5.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.15% above its SMA50 and -65.56% below its SMA200.

Stochastic coefficient K was 89.96% and Stochastic coefficient D was 78.66%, while ATR was 0.50. Given the Stochastic reading of 91.52% for the 14-day period, the RSI (14) reading has been calculated as 63.78%. As of today, the MACD Oscillator reading stands at 0.75, while the 14-day reading stands at 0.79.

Analyst Ratings

Jumia Technologies AG downgraded its rating on Jumia Technologies AG (NYSE: JMIA) to an Underweight in a note to investors on November 29, 2021. The analysts firm previously had an Equal-weight rating on the stock.Jumia Technologies AG (JMIA) has been rated Hold by analysts. According to 1 brokerage firm, JMIA is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Jumia Technologies AG stock as buy, with 1 recommending it as overweight.

With a median target price of $6.95, the current consensus forecast for the stock is $5.00 – $11.30. Based on these forecasts, analysts predict Jumia Technologies AG (JMIA) will achieve an average price target of $7.55.


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