Jumia Technologies Ag ADR (NYSE: JMIA)’s stock price has gone decline by -9.31 in comparison to its previous close of 4.94, however, the company has experienced a -15.63% decrease in its stock price over the last five trading days. techcrunch.com reported 2024-08-16 that Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise over $100 million, given its share price of around $5.70 at the time.
Is It Worth Investing in Jumia Technologies Ag ADR (NYSE: JMIA) Right Now?
The 36-month beta value for JMIA is at 2.92. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for JMIA is 101.87M, and currently, shorts hold a 7.56% of that float. The average trading volume for JMIA on September 04, 2024 was 6.48M shares.
JMIA’s Market Performance
JMIA’s stock has seen a -15.63% decrease for the week, with a -58.09% drop in the past month and a -37.43% fall in the past quarter. The volatility ratio for the week is 6.71%, and the volatility levels for the past 30 days are at 10.39% for Jumia Technologies Ag ADR The simple moving average for the last 20 days is -14.82% for JMIA’s stock, with a simple moving average of -22.19% for the last 200 days.
Analysts’ Opinion of JMIA
Many brokerage firms have already submitted their reports for JMIA stocks, with The Benchmark Company repeating the rating for JMIA by listing it as a “Buy.” The predicted price for JMIA in the upcoming period, according to The Benchmark Company is $14 based on the research report published on July 09, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see JMIA reach a price target of $3.60, previously predicting the price at $3. The rating they have provided for JMIA stocks is “Equal-Weight” according to the report published on January 03rd, 2024.
Morgan Stanley gave a rating of “Underweight” to JMIA, setting the target price at $11 in the report published on November 29th of the previous year.
JMIA Trading at -47.12% from the 50-Day Moving Average
After a stumble in the market that brought JMIA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.21% of loss for the given period.
Volatility was left at 10.39%, however, over the last 30 days, the volatility rate increased by 6.71%, as shares sank -57.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.52% lower at present.
During the last 5 trading sessions, JMIA fell by -15.63%, which changed the moving average for the period of 200-days by +69.70% in comparison to the 20-day moving average, which settled at $4.95. In addition, Jumia Technologies Ag ADR saw 26.91% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for JMIA
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.57 for the gross margin
The net margin for Jumia Technologies Ag ADR stands at -0.54. The total capital return value is set at -1.56. Equity return is now at value -154.79, with -51.31 for asset returns.
Based on Jumia Technologies Ag ADR (JMIA), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -4.48. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -1.01.
Currently, EBITDA for the company is -58.64 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 11.14for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Jumia Technologies Ag ADR (JMIA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
