Equities analysts forecast that Jumia Technologies AG – (NYSE:JMIA) will announce $66.40 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Jumia Technologies’ earnings. The highest sales estimate is $70.51 million and the lowest is $63.58 million. The business is scheduled to announce its next quarterly earnings report on Monday, April 20th.
According to Zacks, analysts expect that Jumia Technologies will report full-year sales of $253.02 million for the current fiscal year, with estimates ranging from $237.49 million to $283.47 million. For the next financial year, analysts anticipate that the company will post sales of $353.89 million, with estimates ranging from $303.38 million to $409.86 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Jumia Technologies.
A number of equities research analysts have recently commented on JMIA shares. Raymond James dropped their price objective on shares of Jumia Technologies from $23.00 to $8.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Zacks Investment Research raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, January 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $14.00 price objective on shares of Jumia Technologies in a research note on Friday, November 1st. Renaissance Capital started coverage on shares of Jumia Technologies in a research note on Thursday, December 5th. They set a “sell” rating and a $3.50 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of Jumia Technologies from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.19.
Shares of Jumia Technologies stock traded down $0.06 during midday trading on Thursday, hitting $6.14. The company had a trading volume of 756,402 shares, compared to its average volume of 1,174,997. Jumia Technologies has a 12-month low of $4.94 and a 12-month high of $49.77. The company has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $10.90. The company has a quick ratio of 3.13, a current ratio of 3.23 and a debt-to-equity ratio of 0.03. The stock has a market cap of $436.91 million and a price-to-earnings ratio of -1.53.
Institutional investors have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its position in shares of Jumia Technologies by 100.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 5,000 shares of the company’s stock worth $40,000 after buying an additional 2,500 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Jumia Technologies during the third quarter worth approximately $89,000. Stifel Financial Corp lifted its stake in Jumia Technologies by 70.4% during the third quarter. Stifel Financial Corp now owns 14,664 shares of the company’s stock worth $123,000 after purchasing an additional 6,056 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Jumia Technologies during the third quarter worth approximately $160,000. Finally, CSat Investment Advisory L.P. purchased a new stake in Jumia Technologies during the second quarter worth approximately $175,000. 15.87% of the stock is owned by institutional investors and hedge funds.
Jumia Technologies Company Profile
Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that 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.
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