Jumia Technologies (NYSE:JMIA) Sets New 1-Year High - What's Next?

Key Points

• Jumia Technologies' stock price reached a new 52-week high of $12.55 during trading, closing at $12.26 with a trading volume of over 1.9 million shares.
• Analysts show mixed sentiments; while one analyst upgraded the stock to "outperform" with a target of $15, Weiss Ratings maintains a "sell" rating, leading to a consensus rating of "Hold."
• Institutional investors are actively engaging with Jumia, as several have recently increased their stakes or initiated new positions in the company, resulting in 16.50% of the stock being held by such investors.

Jumia Technologies (NYSE:JMIA - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.55 and last traded at $12.26, with a volume of 1930264 shares trading hands. The stock had previously closed at $11.56.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JMIA shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Jumia Technologies in a research note on Saturday, September 27th. Royal Bank Of Canada raised shares of Jumia Technologies from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $6.50 to $15.00 in a report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.00.

Jumia Technologies Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.38. The business's 50 day moving average is $8.61 and its two-hundred day moving average is $5.04.

Hedge Funds Weigh In On Jumia Technologies

Institutional investors have recently bought and sold shares of the stock. Deuterium Capital Management LLC bought a new position in shares of Jumia Technologies during the 1st quarter valued at about $27,000. PDS Planning Inc bought a new stake in shares of Jumia Technologies in the first quarter worth about $31,000. GAMMA Investing LLC lifted its position in shares of Jumia Technologies by 80.9% in the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock worth $31,000 after buying an additional 3,485 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in Jumia Technologies by 30.8% during the first quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock valued at $37,000 after buying an additional 4,036 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Jumia Technologies during the second quarter valued at approximately $41,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

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.

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