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

Jumia Technologies (NYSE:JMIA) shares reached a new 52-week low during trading on Monday. The company traded as low as $5.56 and last traded at $5.6250, with a volume of 617,351 shares. The stock had previously closed at $5.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JMIA shares. Cantor Fitzgerald lowered their price objective on shares of Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Zacks Research raised shares of Jumia Technologies to a “hold” rating in a report on Thursday. Royal Bank Of Canada reduced their target price on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note 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, Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Jumia Technologies Stock Performance

The company’s 50-day moving average is $6.71 and its 200-day moving average is $6.81. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77.

Institutional Trading of Jumia Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Walleye Capital LLC raised its stake in shares of Jumia Technologies by 1,852.2% in 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. Revisor Wealth Management LLC raised its position in Jumia Technologies by 2.7% in 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 during the period. Cannell & Spears LLC raised its position in Jumia Technologies by 142.5% in the first quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after purchasing an additional 57,000 shares during the period. Cetera Investment Advisers lifted its stake in shares of Jumia Technologies by 159.4% during the first quarter. Cetera Investment Advisers now owns 57,985 shares of the company’s stock worth $400,000 after purchasing an additional 35,635 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of Jumia Technologies by 24.4% during the second quarter. RFG Advisory LLC now owns 38,528 shares of the company’s stock worth $272,000 after purchasing an additional 7,559 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

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.