Investing in Jumia Technologies AG (JMIA) Is Getting More Attractive

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In the meantime, Morgan Stanley downgraded its Jumia Technologies AG [JMIA] rating to an Underweight from a an Equal-weight in a research note published on Tuesday. PT values the company’s stock at a premium of 64.09 to its Tuesday closing price. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Berenberg also remained covering JMIA and has decreased its forecast on March 25, 2020 with a “Hold” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on August 22, 2019. It rated JMIA as “an Outperform” which previously was an “a Sector perform”.

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Price Performance Review of JMIA

On Tuesday, Jumia Technologies AG [NYSE:JMIA] saw its stock fall -4.82% to $3.95. On the same session, the stock had its day’s lowest price of $3.93, but rose to a high of $4.24. Over the last five days, the stock has lost -9.82%. Jumia Technologies AG shares have risen nearly 23.05% since the year began. Nevertheless, the stocks have fallen -51.41% over the past one year. While a 52-week high of $12.53 was reached on 01/18/23, a 52-week low of $2.92 was recorded on 01/03/23. SMA at 50 days reached $3.94, while 200 days put it at $5.94. A total of 1.66 million shares were traded, compared to the trading of 1.42 million shares in the previous session.

Levels Of Support And Resistance For JMIA Stock

The 24-hour chart illustrates a support level at 3.84, which if violated will result in even more drops to 3.73. On the upside, there is a resistance level at 4.15. A further resistance level may holdings at 4.35. The Relative Strength Index (RSI) on the 14-day chart is 52.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.14%. Stochastics %K at 65.01% indicates the stock is a holding.

How much short interest is there in Jumia Technologies AG?

A steep rise in short interest was recorded in Jumia Technologies AG stocks on Oct 13, 2022, dropping by -0.25 million shares to a total of 8.28 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 8.53 million shares. There was a decline of -3.02%, which implies that there is a negative sentiment for the stock.

Jumia Technologies AG [JMIA] – Who Are The Largest Shareholders?

In filings from Baillie Gifford & Co., it is revealed that the company now owns 9,824,848 shares, or roughly 9.84% of the outstanding JMIA shares. In other words, the investor’s shares have fallen by -57,222 from its previous 13-F filing of 9882070.0. Additionally, D. E. Shaw & Co. LP increased 58.03% of its stake after which the total value it holdings stand at $7,072,051. Over the last quarter, Goldman Sachs & Co. LLC purchased 418,088 shares of Jumia Technologies AG, while Millennium Management LLC bought 586,230 shares. At present, Citadel Securities LLC is holding 554,512 shares valued at $1.78 million. SSgA Funds Management, Inc. owned 402,924 shares of the company at the time of its most recent 13F filing, worth $1.29 million.

According to FactSet, Jumia Technologies AG’s share price will average $5.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.48 percent from its previous closing price of $4.15. Analysts expect Jumia Technologies AG stock to reach the higher price of $6.00, while the lowest price estimate is $4.00. However, 4 analysts have rated JMIA stock as an Underweight in their predictions for 2023.

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