Jumia Technologies Ag ADR (NYSE:JMIA) shares, rose in value, with the stock price up by 2.75% to the previous day’s close as strong demand from buyers drove the stock to $5.23.
Actively observing the price movement in the last trading, the stock closed the session at $5.09. The value of beta (5-year monthly) was 2.96. Referring to stock’s 52-week performance, its high was $8.10, and the low was $2.22. On the whole, JMIA has fluctuated by -26.34% over the past month.
With the market capitalization of Jumia Technologies Ag ADR currently standing at about $528.96 million, investors are eagerly awaiting this quarter’s results, scheduled for May 21, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.98 and then to about -$0.34 by fiscal year 2024. Data indicates that the EPS growth is expected to be 20.30% in 2024, while the next year’s EPS growth is forecast to be 65.30%.
Analysts have estimated the company’s revenue for the quarter at $48.52 million, with a low estimate of $48.7 million and a high estimate of $48.7 million. According to the average forecast, sales growth in current quarter could jump down -15.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $186.4 million, representing a decrease of -16.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JMIA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of JMIA currently trading nearly -14.80% and 8.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.80, while the 7-day volatility ratio is showing 7.97% which for the 30-day chart, stands at 9.57%. Furthermore, Jumia Technologies Ag ADR (JMIA)’s beta value is 2.93, and its average true range (ATR) is 0.52.
A comparison of Jumia Technologies Ag ADR (JMIA) with its peers suggests the former has fared considerably weaker in the market. JMIA showed an intraday change of 2.75% in last session, and over the past year, it grew by 58.97%%.
Data on historical trading for Jumia Technologies Ag ADR (NYSE:JMIA) indicates that the trading volumes over the past 10 days have averaged 2.75 million and over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 101.14 million shares outstanding.
Nearly 0.35% of Jumia Technologies Ag ADR’s shares belong to company insiders and institutional investors own 16.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.81 million shares as on Mar 15, 2024, resulting in a short ratio of 2.03. The stock has risen by 48.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JMIA stock heading into the next quarter.
