Jumia Technologies AG (NYSE: JMIA) is -20.74% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $69.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JMIA stock was last observed hovering at around $34.55 in the last trading session, with the day’s loss setting it -2.57% off its average median price target of $28.16 for the next 12 months. It is also 49.82% off the consensus price target high of $63.73 offered by 8 analysts, but current levels are -231.06% lower than the price target low of $9.66 for the same period.
Currently trading at $31.98, the stock is -24.01% and -36.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.35 million and changing -7.44% at the moment leaves the stock 25.32% off its SMA200. JMIA registered 941.69% gain for a year compared to 6-month gain of 311.58%. The firm has a 50-day simple moving average (SMA 50) of $48.04 and a 200-day simple moving average (SMA200) of $32.85.
The stock witnessed a -27.83% loss in the last 1 month and extending the period to 3 months gives it a -26.69%, and is -21.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.45% over the week and 12.31% over the month.
Jumia Technologies AG (JMIA) has around 4067 employees, a market worth around $3.15B and $164.30M in sales. Distance from 52-week low is 1154.12% and -54.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.50%).
Jumia Technologies AG (JMIA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Jumia Technologies AG (JMIA) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 3.10, where 6 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Jumia Technologies AG is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.44 with sales reaching $42.13M over the same period.The EPS is expected to grow by 37.90% this year, but quarterly earnings will post 22.10% year-over-year. Quarterly sales are estimated to grow 26.90% in year-over-year returns.
Jumia Technologies AG (JMIA) Top Institutional Holders
109 institutions hold shares in Jumia Technologies AG (JMIA), with 80.67k shares held by insiders accounting for 0.09% while institutional investors hold 32.71% of the company’s shares. The shares outstanding are 98.59M, and float is at 77.25M with Short Float at 13.87%. Institutions hold 32.68% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 8.96 million shares valued at $361.44 million. The investor’s holdings represent 9.99% of the JMIA Shares outstanding. As of Dec 30, 2020, the second largest holder is FMR, LLC with 2.26 million shares valued at $91.09 million to account for 2.52% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.81 million shares representing 2.02% and valued at over $73.12 million, while Shaw D.E. & Co., Inc. holds 1.94% of the shares totaling 1.74 million with a market value of $70.05 million.