For Jumia Technologies AG [JMIA], Analyst sees a rise to $11. What next?


Jumia Technologies AG [NYSE: JMIA] The price fell -7.50 percent to $0.5. Company report on August 10, 2022 Jumia announces the results of the second quarter of 2022.

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3130,204 shares were traded during the last session while the average daily trading volume was 3.33 million shares. Jumia Technologies AG’s shares reached a high of $6.7799 and fell to $6.08 to close at $6.17 in the last session.

JMIA 1 year stock forecast is for a potential rise of 11.86.

Expert opinion on Jumia Technologies AG [JMIA]:

Morgan Stanley made an estimate for Jumia Technologies AG shares, keeping their opinion of the stock as Underweight, with their previous recommendation of November 29, 2021. While these analysts held the previous recommendation, Stifel lowered their target price from $8 to $4.50. The new price target note was released on May 14, 2020, which represents the official price target for the Jumia Technologies AG stock.

The Average True Range (ATR) for Jumia Technologies AG is set at 0.53, with a price-to-sales ratio for JMIA stock in the last twelve months period of 2.94. The price-to-book ratio for the last quarter was 2.12, with the price-to-cash per share for the same quarter set at 3.51.

JMIA stock performance analysis:

Jumia Technologies AG [JMIA] It fell into the red at the end of last week, fell in a negative direction and fell by -18.82. With this latest performance, JMIA shares are down -15.25% over the past four-week period, as well as -32.64% over the past six months – not to mention a -67.83% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the JMIA stock for the last two weeks was set at 36.75, with the RSI for the last one trading at 29.36, and the three-week RSI set at 41.32 for Jumia Technologies AG [JMIA]. The current moving average for the last 50 trading days of this stock is 7.05, while it was recorded at 6.82 for the last trading week, and 8.16 for the last 200 days.

An insight into the fundamentals of Jumia Technologies AG:

Operating margin for any stock indicates how profitable the investment is, Jumia Technologies AG [JMIA] The equity’s current operating margin is -135.07 and the gross margin is +56.70. Jumia Technologies AG’s net margin is currently at -127.50.

The return on equity for this stock fell to -65.98, with the return on assets remaining at -44.76.

The liquidity data of Jumia Technologies AG is also interesting, with a quick ratio of 2.60 and a current liquidity ratio of 2.70.

Jumia Technologies AG [JMIA] Insiders’ position details

58 business owners cement their position at Jumia Technologies AG [NYSE:JMIA] About 2834,602 shares. In addition, 64 investors decreased their positions by 6,945,073 shares, while 38 investors took positions by 10,819,570 shares. The said changes put institutional holdings at 2,059,245 shares, according to the latest report from the Securities and Exchange Commission. JMIA had 21 new institutional investments totaling 1,459,716 shares, while 22 institutional investors sold positions worth 2,675,296 shares during the same period.

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