Jumia Technologies (NYSE:JMIA) Hits New 1-Year Low – Should You Sell?

Jumia Technologies (NYSE:JMIA) reached a new 52-week low during trading on Thursday. The stock traded as low as $4.93 and last traded at $4.9810, with a volume of 484,089 shares traded. The stock had previously closed at $5.43.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JMIA shares. Royal Bank Of Canada cut their price objective on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Craig Hallum restated a “buy” rating and issued a $12.00 target price on shares of Jumia Technologies in a report on Thursday, August 13th. Cantor Fitzgerald dropped their price target on shares of Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Zacks Research upgraded shares of Jumia Technologies to a “hold” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Jumia Technologies has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Jumia Technologies Price Performance

The stock has a 50 day moving average of $6.51 and a 200-day moving average of $7.40. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 25.80.

Institutional Trading of Jumia Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Jumia Technologies by 77.3% during the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after purchasing an additional 3,221 shares during the period. GAMMA Investing LLC grew its holdings in shares of Jumia Technologies by 27.9% in the third quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock worth $67,000 after purchasing an additional 2,183 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Jumia Technologies by 18.3% in the third quarter. Lido Advisors LLC now owns 12,084 shares of the company’s stock worth $80,000 after purchasing an additional 1,873 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Jumia Technologies in the second quarter worth about $91,000. Finally, Clay Northam Wealth Management LLC increased its stake in Jumia Technologies by 29.3% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company’s stock worth $93,000 after buying an additional 3,000 shares during the period. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.