Jumia Technologies AG (NYSE:JMIA) saw an upside of 0.16% to $3.09 after adding $0.01 on Tuesday. The 5-day average trading volume is 1,669,189 shares of the company’s common stock. It has gained $3.20 in the past week and touched a new high 3 times within the past 5 days. An average of 1,728,167 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,731,725.
JMIA’s 1-month performance is -27.58% or -$1.18 on its low of $2.97 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.55 and high of $8.57, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, JMIA has lost -3.89% or -$0.13 and has reached a new high 8 times. However, the current price is down -64.00% from the 52-week high price.
Valuation Metrics
JMIA stock has a beta of 2.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41.
Jumia Technologies AG’s quick ratio for the period ended March 31 was 1.50, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending March 31 was 0.04, while the total debt to equity was 0.07. In terms of profitability, the gross margin trailing 12 months is 59.50%. The trailing 12-month EBITDA margin is -95.90%. The firm’s gross profit as reported stood at $130.41 million against revenue of $221.88 million.
Earnings Surprise
For the quarterly period ending March 31 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 4.77% to -$238.23 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected JMIA to announce -$0.36 per share in earnings in its latest quarter, but it posted -$0.16, representing a 55.60% surprise. EBITDA for the quarter stood at more than -$20.62 million. JMIA stock balance sheet for the quarter ending March 31 shows that total liabilities totaled 143.11 million, with total debt at $7.86 million.
Let’s look briefly at Jumia Technologies AG (JMIA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 25.74% to suggest the stock is trending oversold, with historical volatility in this time period at 89.54%.
The stock’s 5-day moving average is $3.06, reflecting a -0.16% or $unch change from its current price. JMIA is currently trading -26.20% above its 20-day SMA, +0.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.35% and SMA200 by-34.64%.
Stochastic %K and %D was 4.95% and 4.04% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 32.86%, while the 14-day stochastic is at 7.07% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.25 and -0.54 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Jumia Technologies AG (NYSE: JMIA), Morgan Stanley downgraded it to an Underweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for JMIA stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate JMIA as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is JMIA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Jumia Technologies AG (JMIA) stock is $3.00.
