Jumia Technologies AG (NYSE:JMIA) traded at $7.95 at last check on Tuesday, Sep 15, making a downturn move of -3.11% on its previous day’s price.
Looking at the stock we see that its previous close was $8.2 and the beta (5Y monthly) reads 0 with the day’s price range being $7.87 – 8.40. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, JMIA has a high of $23.9 and a low of $2.15. The company’s stock has gained about -40.36% over that past 30 days.
Jumia has a market cap of $656.98 Million and is expected to release its quarterly earnings report on August 12, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the JMIA stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.71, with the EPS growth for the year declined at -$2.42 for 2020 and -$2.18 for next year. These figures represent 0.27% and at -0.1% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $41.37 Million, with a low of $29.13 Million and a high of $48.54 Million. The median projection represents growth adding up to -9.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $180.91 Million, or +1.7% up from figures reported last year.
On the other hand, looking at the outlook for the JMIA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 8 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Jumia Technologies AG (JMIA) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Jumia (JMIA) stock to its peers. We find that today’s price change of -3.11% and -26.19% over the past 12 months for JMIA competes that of Amazon.com Inc (AMZN), which has seen its stock price rise 1.39% in the latest trading session and is +68.7% over the last one year. Another of its peers Alibaba Group Holding (BABA) has climbed 1.09% today, and is +52.98% up over the past year, while Jd.com Inc Ads (JD) is also down -3.11% yet its price remains in the red at -26.19% over the same period. Amazon.com has a P/E ratio of 119.27 compared to Jumia’s 0 and Alibaba’s 28.56. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.93% and 0.43%, respectively, in early deals.
Coming back to Jumia Technologies AG (NYSE:JMIA), we note that the average 3-month trading volume was 9.13 Million, while that of the preceding 10-day period stands at 3.31 Million. Current shares outstanding are 78.41 Million.
According to data from Thomson Reuters, insiders hold 38.07% of the company’s shares while institutions hold 48.84%. The data shows that short shares as of August 30, 2020, stood at 12.98 Million at a short ratio of 0.84. This represents a 16.69% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 15.33 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +21.84% up in year-to-date price movement.