Jumia Technologies (NYSE:JMIA) Hits New 1-Year Low - Should You Sell?

Key Points

• Jumia Technologies hit a new 52-week low, trading as low as $4.93 on Thursday after previously closing at $5.43.
• Analyst views are mixed: MarketBeat reports an average “Moderate Buy” rating and a $14 price target, alongside both buy and sell recommendations.
• The company’s shares are trading below their 50-day and 200-day moving averages, at $6.51 and $7.40, respectively.

Shares of Jumia Technologies (NYSE:JMIA - Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $4.93 and last traded at $4.9810, with a volume of 484,089 shares traded. The stock had previously closed at $5.43.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JMIA shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Jumia Technologies in a research note on Thursday, October 15th. Royal Bank Of Canada decreased their price target on shares of Jumia Technologies from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Thursday, August 13th. Benchmark reissued a "buy" rating on shares of Jumia Technologies in a report on Thursday, August 13th. Wall Street Zen cut Jumia Technologies from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Finally, Zacks Research raised Jumia Technologies to a "hold" rating in a report on Thursday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.00.

Jumia Technologies Stock Down 6.0%

The business's fifty day moving average is $6.51 and its two-hundred day moving average is $7.40. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77.

Hedge Funds Weigh In On Jumia Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Jumia Technologies by 77.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company's stock valued at $51,000 after purchasing an additional 3,221 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jumia Technologies by 27.9% in the 3rd quarter. GAMMA Investing LLC now owns 10,006 shares of the company's stock worth $67,000 after purchasing an additional 2,183 shares during the period. Lido Advisors LLC boosted its holdings in shares of Jumia Technologies by 18.3% in the 3rd quarter. Lido Advisors LLC now owns 12,084 shares of the company's stock worth $80,000 after purchasing an additional 1,873 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Jumia Technologies during the 2nd quarter valued at approximately $91,000. Finally, Clay Northam Wealth Management LLC increased its position in shares of Jumia Technologies by 29.3% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company's stock valued at $93,000 after purchasing an additional 3,000 shares during the last quarter. 16.50% of the stock is owned by hedge funds and other institutional investors.

About Jumia Technologies

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.