Jumia Technologies (NYSE:JMIA) Trading 7.9% Higher - Still a Buy?

Key Points

• Jumia Technologies' shares increased by 7.9% on Monday, reaching a last traded price of $4.80 after previously closing at $4.45, despite a significant decline in trading volume.
• Institutional investors hold 16.50% of Jumia's stock, with multiple firms recently adjusting their positions, indicating growing interest in the company.
• The company's stock has a 50-day moving average of $3.92 and a 200-day moving average of $3.22, suggesting its recent performance exceeds longer-term trends.

Jumia Technologies (NYSE:JMIA - Get Free Report)'s stock price rose 7.9% on Monday . The stock traded as high as $4.74 and last traded at $4.80. Approximately 350,172 shares traded hands during trading, a decline of 89% from the average daily volume of 3,224,214 shares. The stock had previously closed at $4.45.

Jumia Technologies Stock Down 0.6%

The company has a current ratio of 1.57, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. The business's 50-day simple moving average is $4.05 and its 200-day simple moving average is $3.26.

Jumia Technologies (NYSE:JMIA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($999.00) earnings per share (EPS) for the quarter. Jumia Technologies had a negative return on equity of 106.58% and a negative net margin of 48.53%.

Institutional Investors Weigh In On Jumia Technologies

Institutional investors have recently bought and sold shares of the stock. 683 Capital Management LLC acquired a new stake in shares of Jumia Technologies during the 4th quarter worth $3,384,000. Marshall Wace LLP grew its position in Jumia Technologies by 180.5% during the fourth quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock valued at $3,909,000 after acquiring an additional 658,618 shares during the period. Revisor Wealth Management LLC acquired a new stake in Jumia Technologies during the first quarter worth about $399,000. Banque Transatlantique SA raised its holdings in shares of Jumia Technologies by 109,875.5% in the 1st quarter. Banque Transatlantique SA now owns 120,973 shares of the company's stock worth $240,000 after purchasing an additional 120,863 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Jumia Technologies by 30.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company's stock worth $859,000 after purchasing an additional 93,184 shares during the period. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

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.