Jumia Technologies Ag ADR (NYSE:JMIA) finished Wednesday with a subtraction of -$0.11 to close at $2.32, a downside of -4.53 percent. An average of 1,183,460 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,162,200 shares traded, while the 50-day average volume stands at 1,420,798.
JMIA stock has decreased by -21.89% in the last month. The company shares reached their 1-month lowest point of $2.30 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.37 and a high of $6.35 in 52 weeks. It has reached a new high 8 times so far this year and lost -27.73% or -$0.89 in price. In spite of this, the price is down -63.46% from the 52-week high.
Valuation Metrics
Jumia Technologies Ag ADR (JMIA) stock’s beta is 2.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.10, the price-to-book (PB) ratio at 2.19.
Financial Health
The quick ratio of Jumia Technologies Ag ADR for the three months ended March 30 was 1.54, and the current ratio was 1.62, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.07 for the quarter ending March 30. Jumia Technologies Ag ADR’s EBITDA margin for the year ending March 30 is -95.90%, while its operating margin for the same period stands at -70.25%. Its gross profit as reported stood at $130.41 million compared to revenue of $221.88 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$238.23 million in the quarter, while revenues were grew 4.77%. The analyst consensus anticipated Jumia Technologies Ag ADR’s latest quarter earnings to come in at -$0.36 per share, but it turned out to be -$0.16, a 55.60% surprise. For the quarter, EBITDA amounted to -$20.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Jumia Technologies Ag ADR (JMIA) price momentum. RSI 9-day as of the close on 27 September was 19.21%, suggesting the stock is oversold, with historical volatility in this time frame at 36.55%.
As of today, JMIA’s price is $2.40 -6.07% or -$0.15 from its 5-day moving average. JMIA is currently trading -24.68% lower than its 20-day SMA and -16.25% lower than its 100-day SMA. However, the stock’s current price level is -46.67% below the SMA50 and -43.14% below the SMA200.
The stochastic %K and %D were 6.84% and 5.86%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 2.67% and the average true range at 0.15, the RSI (14) stands at 24.74%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.
Analyst Ratings
Morgan Stanley downgraded Jumia Technologies Ag ADR (NYSE: JMIA) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Jumia Technologies Ag ADR (JMIA) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell JMIA, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is JMIA’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Jumia Technologies Ag ADR (JMIA) stock is $3.00.
