Jumia Technologies Ag ADR (NYSE:JMIA) shares, rose in value, with the stock price up by 2.92% to the previous day’s close as strong demand from buyers drove the stock to $4.94.
Actively observing the price movement in the last trading, the stock closed the session at $4.80, falling within a range of $4.81 and $5.0499. The value of beta (5-year monthly) was 3.021. Referring to stock’s 52-week performance, its high was $15.04, and the low was $2.22. On the whole, JMIA has fluctuated by -55.54% over the past month.
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With the market capitalization of Jumia Technologies Ag ADR currently standing at about $505.02 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2023-May-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 186.4M, with a low estimate of 48.7M and a high estimate of 48.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 48.52M.
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 100% Sell 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 50% Sell.
The stock’s technical analysis shows that the price of JMIA currently trading nearly -10.94% and -42.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.29, while the 7-day volatility ratio is showing 5.93% which for the 30-day chart, stands at 10.28%. Furthermore, Jumia Technologies Ag ADR (JMIA)’s beta value is 2.96, and its average true range (ATR) is 0.67.
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 2.92% in last session, and over the past year, it grew by 59.87%%.
Data on historical trading for Jumia Technologies Ag ADR (NYSE:JMIA) indicates that the trading volumes over the past 10 days have averaged 4.76 and over the past 3 months, they’ve averaged 6.51 million. According to company’s latest data on outstanding shares, there are 102.23 million shares outstanding.
Nearly 0.35% of Jumia Technologies Ag ADR’s shares belong to company insiders and institutional investors own 29.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.7 million shares as on 2024-08-15, resulting in a short ratio of 0.92. According to the data, the short interest in Jumia Technologies Ag ADR (JMIA) stood at 631.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 5.87 million. The stock has risen by 39.94% 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.
