Jumia Technologies Ag ADR (NYSE:JMIA) shares, rose in value, with the stock price up by 5.81% to the previous day’s close as strong demand from buyers drove the stock to $2.55.
Actively observing the price movement in the last trading, the stock closed the session at $2.41. Referring to stock’s 52-week performance, its high was $15.04, and the low was $2.21. On the whole, JMIA has fluctuated by -34.45% over the past month.
With the market capitalization of Jumia Technologies Ag ADR currently standing at about $260.69 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 177.34M, with a low estimate of 37.36M and a high estimate of 37.36M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 37.36M.
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 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 price of JMIA currently trading nearly -22.53% and -30.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.72, while the 7-day volatility ratio is showing 8.28% which for the 30-day chart, stands at 6.75%. Furthermore, Jumia Technologies Ag ADR (JMIA)’s beta value is 2.91, and its average true range (ATR) is 0.24.
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 5.81% in last session, and over the past year, it shrunk by -63.10%%. In comparison, Amazon.com Inc. (AMZN) has moved higher at 2.24%% on the day and was up 20.09% over the past 12 months. On the other hand, the price of Meta Platforms Inc. (META) has risen 2.57%% on the day. The stock, however, is off 32.33% from where it was a year ago.
Data on historical trading for Jumia Technologies Ag ADR (NYSE:JMIA) indicates that the trading volumes over the past 3 months, they’ve averaged 3.75 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 28.51% of the company’s shares. The stock has fallen by -33.25% 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.
