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

Key Points

• Jumia Technologies shares hit a new 52-week low, falling to $5.69 during Wednesday trading and last changing hands near $5.72, down 5.3% from the prior close.
• Analyst views remain mixed: one firm downgraded the stock to “sell,” while others maintained Buy or Outperform ratings. The consensus rating is “Moderate Buy,” with a $14.40 average price target.
• Institutional ownership stands at 16.5%, with several investors increasing their positions. However, Jumia’s current ratio of 0.88 and quick ratio of 0.77 indicate limited short-term liquidity.

Jumia Technologies (NYSE:JMIA - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $5.69 and last traded at $5.7150, with a volume of 296,283 shares changing hands. The stock had previously closed at $5.91.

Analyst Upgrades and Downgrades

JMIA has been the subject of several research analyst reports. Wall Street Zen downgraded Jumia Technologies from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Royal Bank Of Canada lowered their target price 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. Weiss Ratings restated a "sell (e+)" rating on shares of Jumia Technologies in a research note on Friday, July 17th. Cantor Fitzgerald dropped their price target on shares of Jumia Technologies from $16.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, August 13th. Finally, Craig Hallum reiterated a "buy" rating and issued a $12.00 price target on shares of Jumia Technologies in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Jumia Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

Jumia Technologies Stock Down 5.3%

The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. The business's 50-day simple moving average is $6.74 and its 200 day simple moving average is $6.86.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JMIA. Clay Northam Wealth Management LLC purchased a new position in shares of Jumia Technologies in the second quarter worth approximately $93,000. Key Client Fiduciary Advisors LLC increased its position in Jumia Technologies by 9.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company's stock worth $135,000 after buying an additional 1,648 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Jumia Technologies by 77.3% in the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company's stock worth $51,000 after buying an additional 3,221 shares during the period. Cannell & Spears LLC lifted its position in shares of Jumia Technologies by 142.5% during the 1st quarter. Cannell & Spears LLC now owns 97,000 shares of the company's stock valued at $669,000 after buying an additional 57,000 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in shares of Jumia Technologies by 1,852.2% during the 1st quarter. Walleye Capital LLC now owns 254,053 shares of the company's stock valued at $1,753,000 after acquiring an additional 268,552 shares during the period. Institutional investors own 16.50% of the company's stock.

About Jumia Technologies

Jumia Technologies AG is an e-commerce company that operates an online marketplace serving consumers and merchants in Africa. Its platform connects customers with third-party sellers offering products such as electronics, mobile phones, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise.

The company also provides supporting services intended to facilitate online commerce, including delivery and logistics solutions for merchants and customers. Through JumiaPay, it has offered digital payment services and related financial technology solutions, although the availability and scope of these services may vary by market.

Founded in 2012, Jumia has historically expanded its operations across multiple African countries, including markets in North, West, East and Southern Africa.

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