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Before Buying Jumia Technologies AG (NYSE: JMIA) Stock, Read This First

Jumia Technologies AG (NYSE:JMIA) shares, rose in value on Thursday, 12/08/22, with the stock price up by 2.51% to the previous day’s close as strong demand from buyers drove the stock to $4.08.

Actively observing the price movement in the last trading, the stock closed the session at $3.98, falling within a range of $3.95 and $4.22. The value of beta (5-year monthly) was 2.64. Referring to stock’s 52-week performance, its high was $14.95, and the low was $3.65. On the whole, JMIA has fluctuated by 1.75% over the past month.

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With the market capitalization of Jumia Technologies AG currently standing at about $407.50 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 21, 2023 – Feb 27, 2023.

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 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of JMIA currently trading nearly -7.42% and -17.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.89, while the 7-day volatility ratio is showing 7.60% which for the 30-day chart, stands at 8.14%. Furthermore, Jumia Technologies AG (JMIA)’s beta value is 2.39, and its average true range (ATR) is 0.37.

A comparison of Jumia Technologies AG (JMIA) with its peers suggests the former has fared considerably weaker in the market. JMIA showed an intraday change of 2.51% in last session, and over the past year, it shrunk by -72.23%%. In comparison, Amazon.com Inc. (AMZN) has moved higher at 2.14% on the day and was down -48.71% over the past 12 months. On the other hand, the price of Meta Platforms Inc. (META) has risen 1.23% on the day. The stock, however, is off -65.11% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.75%. Meanwhile, the Dow Jones Industrial Improved by 0.55%.

Data on historical trading for Jumia Technologies AG (NYSE:JMIA) indicates that the trading volumes over the past 10 days have averaged 1.88 million and over the past 3 months, they’ve averaged 2.31 million. According to company’s latest data on outstanding shares, there are 99.88 million shares outstanding.

Jumia Technologies AG’s shares belong to company insiders and institutional investors own 23.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.28 million shares as on Oct 13, 2022, resulting in a short ratio of 4.34. According to the data, the short interest in Jumia Technologies AG (JMIA) stood at 8.29% of shares outstanding as of Oct 13, 2022; the number of short shares registered in Sep 14, 2022 reached 8.53 million. The stock has fallen by -64.21% 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.

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