Jumia Technologies (NYSE:JMIA) Sets New 52-Week High - Still a Buy?

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Jumia Technologies (NYSE:JMIA - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $8.17 and last traded at $8.05, with a volume of 5180755 shares changing hands. The stock had previously closed at $7.75.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Jumia Technologies in a report on Monday, August 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.75.

Jumia Technologies Trading Up 9.8%

The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average price is $4.94 and its 200 day moving average price is $3.52.

Hedge Funds Weigh In On Jumia Technologies

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of Jumia Technologies by 11.0% in the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after purchasing an additional 2,455 shares during the last quarter. Crumly & Associates Inc. raised its position in shares of Jumia Technologies by 19.7% in the 2nd quarter. Crumly & Associates Inc. now owns 15,813 shares of the company's stock worth $64,000 after purchasing an additional 2,600 shares during the last quarter. WealthTrust Axiom LLC raised its position in shares of Jumia Technologies by 17.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 20,161 shares of the company's stock worth $81,000 after purchasing an additional 3,000 shares during the last quarter. Profund Advisors LLC raised its position in shares of Jumia Technologies by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 99,827 shares of the company's stock worth $401,000 after purchasing an additional 3,447 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Jumia Technologies by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock worth $31,000 after buying an additional 3,485 shares during the last quarter. Hedge funds and other institutional investors own 16.50% of the company's stock.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets under the JumiaPay name.