Jumia Technologies Ag ADR (NYSE:JMIA) shares, rose in value, with the stock price down by -2.22% to the previous day’s close as strong demand from buyers drove the stock to $4.40.
Actively observing the price movement in the last trading, the stock closed the session at $4.50. The value of beta (5-year monthly) was 2.94. 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 -12.52% over the past month.
With the market capitalization of Jumia Technologies Ag ADR currently standing at about $445.02 million, investors are eagerly awaiting this quarter’s results, scheduled for May 21, 2024 – May 27, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JMIA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 -6.39% and -17.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.10, while the 7-day volatility ratio is showing 8.14% which for the 30-day chart, stands at 7.40%. Furthermore, Jumia Technologies Ag ADR (JMIA)’s beta value is 2.94, and its average true range (ATR) is 0.38.
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 -2.22% in last session, and over the past year, it grew by 64.18%%.
Data on historical trading for Jumia Technologies Ag ADR (NYSE:JMIA) indicates that the trading volumes over the past 3 months, they’ve averaged 3.34 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 16.41% of the company’s shares. The stock has risen by 24.65% 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.
