Jumia Technologies (NYSE:JMIA) Reaches New 12-Month Low – Should You Sell?

Jumia Technologies (NYSE:JMIA)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $5.69 and last traded at $5.7150, with a volume of 296,283 shares. The stock had previously closed at $5.91.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen downgraded Jumia Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Cantor Fitzgerald lowered their target price on Jumia Technologies from $16.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Benchmark reaffirmed a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a report on Friday, July 17th. Finally, Craig Hallum reiterated a “buy” rating and set a $12.00 price target on shares of Jumia Technologies in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Jumia Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

Jumia Technologies Trading Up 5.4%

The company has a fifty day moving average price of $6.75 and a two-hundred day moving average price of $6.85. 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 Investors Weigh In On Jumia Technologies

A number of institutional investors have recently bought and sold shares of the business. Clay Northam Wealth Management LLC raised its stake in shares of Jumia Technologies by 62.3% in the 3rd quarter. Clay Northam Wealth Management LLC now owns 21,500 shares of the company’s stock valued at $143,000 after buying an additional 8,250 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Jumia Technologies by 27.9% during the 3rd quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock worth $67,000 after acquiring an additional 2,183 shares during the period. Boston Standard Wealth Management LLC boosted its position in shares of Jumia Technologies by 11.9% during the 3rd quarter. Boston Standard Wealth Management LLC now owns 23,584 shares of the company’s stock valued at $157,000 after acquiring an additional 2,500 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Jumia Technologies by 32.7% during the 2nd quarter. Tidal Investments LLC now owns 22,753 shares of the company’s stock valued at $160,000 after acquiring an additional 5,610 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new stake in Jumia Technologies during the second quarter valued at approximately $116,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company that operates an online marketplace serving consumers and merchants in Africa. Its platform connects customers with third-party sellers offering products such as electronics, mobile phones, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise.

The company also provides supporting services intended to facilitate online commerce, including delivery and logistics solutions for merchants and customers. Through JumiaPay, it has offered digital payment services and related financial technology solutions, although the availability and scope of these services may vary by market.

Founded in 2012, Jumia has historically expanded its operations across multiple African countries, including markets in North, West, East and Southern Africa.