Jumia Technologies (NYSE:JMIA) Sets New 1-Year High - Time to Buy?

Key Points

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

Wall Street Analysts Forecast Growth

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

Jumia Technologies Price Performance

The firm has a 50-day moving average of $4.94 and a two-hundred day moving average of $3.51. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15.

Institutional Trading of Jumia Technologies

Several institutional investors have recently bought and sold shares of JMIA. Raymond James Financial Inc. acquired a new stake in Jumia Technologies in the fourth quarter valued at approximately $219,000. Marshall Wace LLP grew its holdings in Jumia Technologies by 180.5% in the fourth quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock valued at $3,909,000 after purchasing an additional 658,618 shares during the period. 683 Capital Management LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at approximately $3,384,000. Ameriprise Financial Inc. grew its holdings in Jumia Technologies by 11.0% in the fourth quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock valued at $94,000 after purchasing an additional 2,455 shares during the period. Finally, Centiva Capital LP grew its holdings in Jumia Technologies by 438.2% in the fourth quarter. Centiva Capital LP now owns 87,477 shares of the company's stock valued at $334,000 after purchasing an additional 71,223 shares during the period. 16.50% of the stock is owned by institutional investors and hedge funds.

About Jumia Technologies

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.