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Jumia Technologies AG (NYSE: JMIA) Yet To Convince Analysts?

Jumia Technologies AG (NYSE:JMIA) traded at $6.91 at close of the session on Tuesday, 09/20/22, made a downward move of -4.29% on its previous day’s price.

Looking at the stock we see that its previous close was $7.22 and the beta (5Y monthly) reads 3.13 with the day’s price range being $6.90 – $7.23. In terms of its 52-week price range, JMIA has a high of $21.25 and a low of $4.47. The company’s stock has lost about -11.18% over that past 30 days.

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Jumia Technologies AG has a market cap of $690.15 million and is expected to release its quarterly earnings report on Feb 22, 2022 – Feb 28, 2022.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. 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% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is -8.06% off its SMA20 and -1.19% from its 50-day simple moving average. The RSI (14) is pointing at 43.78 while the volatility over the past week is 5.13% and jumps to 6.02% over the past one month. The beta value is 2.66, while the average true range (ATR) is currently pointing at 0.55.

Let’s briefly compare Jumia Technologies AG (JMIA) stock to its peers. We find that current price change of -4.29% and -62.81% over the past 12 months for JMIA competes that of Amazon.com Inc. (AMZN), which has seen its stock price fall -1.98% in the last trading session and was -27.18% over the last one year. Another of its peers Meta Platforms Inc. (META) has dropped -1.30% previous session, and was -58.93% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Jumia Technologies AG (NYSE:JMIA), we note that the average 3-month trading volume was 3.37 million, while that of the preceding 10-day period stands at 2.2 million. Current shares outstanding are 99.88 million.

The institutions hold 21.20%. The data shows that short shares as of Jul 14, 2022, stood at 6.69 million at a short ratio of 1.93. This represents a 6.69% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 6.95 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -39.39% down in year-to-date price movement.

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