Jumia Technologies (NYSE:JMIA) Shares Gap Up - What's Next?

Key Points

• Shares of Jumia Technologies gapped up pre-market, opening at $9.13 after a $7.46 close and last trading near $8.98 on heavy volume (~4.54M shares).
• Wall Street sentiment is generally positive—MarketBeat shows an average rating of Moderate Buy with an average price target of $17 and several $16–$18 targets, though one firm still rates it a sell.
• Jumia missed EPS expectations (reported -$0.14 vs. -$0.08 expected) but beat revenue estimates ($50.56M vs. $46.46M) and remains unprofitable with a -32.6% net margin and -135.3% return on equity.

Jumia Technologies (NYSE:JMIA - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.46, but opened at $9.13. Jumia Technologies shares last traded at $8.9840, with a volume of 4,539,340 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JMIA. New Street Research set a $18.00 price target on Jumia Technologies in a research note on Tuesday, March 10th. Cantor Fitzgerald set a $16.00 price target on shares of Jumia Technologies in a report on Wednesday, February 11th. Craig Hallum reissued a "buy" rating on shares of Jumia Technologies in a report on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Jumia Technologies in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Jumia Technologies currently has an average rating of "Moderate Buy" and an average price target of $17.00.

Jumia Technologies Stock Performance

The business has a fifty day simple moving average of $7.32 and a 200 day simple moving average of $10.14. The company has a current ratio of 1.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31.

Jumia Technologies (NYSE:JMIA - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Jumia Technologies had a negative return on equity of 135.28% and a negative net margin of 32.58%.The firm had revenue of $50.56 million during the quarter, compared to analysts' expectations of $46.46 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Jumia Technologies by 9.5% in the first quarter. International Assets Investment Management LLC now owns 23,150 shares of the company's stock worth $161,000 after buying an additional 2,000 shares during the last quarter. Clay Northam Wealth Management LLC acquired a new position in shares of Jumia Technologies during the first quarter valued at $71,000. Revisor Wealth Management LLC raised its stake in shares of Jumia Technologies by 2.7% during the first quarter. Revisor Wealth Management LLC now owns 190,350 shares of the company's stock valued at $1,313,000 after purchasing an additional 5,000 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Jumia Technologies during the first quarter worth approximately $101,000. Finally, Boston Standard Wealth Management LLC raised its position in Jumia Technologies by 9.4% in the first quarter. Boston Standard Wealth Management LLC now owns 20,892 shares of the company's stock worth $144,000 after acquiring an additional 1,800 shares in the last quarter. 16.50% of the stock is owned by institutional investors and hedge funds.

About Jumia Technologies

Jumia Technologies AG NYSE: JMIA operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company's marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d'Ivoire, Uganda, Tunisia and South Africa.

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