Jumia Technologies (NYSE:JMIA) Shares Gap Down – What’s Next?

Jumia Technologies (NYSE:JMIA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.27, but opened at $10.40. Jumia Technologies shares last traded at $10.2530, with a volume of 2,684,783 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Benchmark began coverage on Jumia Technologies in a research note on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price for the company. Cantor Fitzgerald raised shares of Jumia Technologies to a “strong-buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Finally, Craig Hallum assumed coverage on Jumia Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jumia Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Jumia Technologies Trading Down 15.7%

The firm has a 50-day moving average of $12.65 and a 200 day moving average of $10.74. The company has a current ratio of 1.20, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

Jumia Technologies (NYSE:JMIA) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. Jumia Technologies had a negative net margin of 40.86% and a negative return on equity of 116.72%. The firm had revenue of $61.40 million for the quarter.

Hedge Funds Weigh In On Jumia Technologies

Several institutional investors and hedge funds have recently made changes to their positions in JMIA. GAMMA Investing LLC increased its position in Jumia Technologies by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,092 shares of the company’s stock valued at $106,000 after acquiring an additional 1,297 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Jumia Technologies by 2.1% during the fourth quarter. GSA Capital Partners LLP now owns 74,392 shares of the company’s stock valued at $929,000 after purchasing an additional 1,513 shares during the period. Global Retirement Partners LLC lifted its holdings in Jumia Technologies by 111.1% in the third quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after purchasing an additional 2,000 shares during the period. Lido Advisors LLC grew its position in Jumia Technologies by 21.0% in the 3rd quarter. Lido Advisors LLC now owns 12,214 shares of the company’s stock valued at $142,000 after buying an additional 2,117 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Jumia Technologies by 12.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,219 shares of the company’s stock valued at $223,000 after buying an additional 2,199 shares during the period. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

About Jumia Technologies

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.