Jumia Technologies (NYSE:JMIA) Reaches New 52-Week High – Should You Buy?

Jumia Technologies (NYSE:JMIA)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $13.92 and last traded at $13.7850, with a volume of 4148024 shares. The stock had previously closed at $12.83.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $6.50 to $15.00 in a research report on Tuesday, September 16th. Benchmark assumed coverage on shares of Jumia Technologies in a report on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Craig Hallum assumed coverage on Jumia Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $18.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Jumia Technologies Price Performance

The business has a 50 day moving average of $11.60 and a 200 day moving average of $9.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.20.

Hedge Funds Weigh In On Jumia Technologies

Several institutional investors have recently bought and sold shares of JMIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Jumia Technologies by 40.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock valued at $142,000 after buying an additional 19,072 shares during the period. Central Pacific Bank Trust Division bought a new position in Jumia Technologies in the 2nd quarter valued at $55,000. Crumly & Associates Inc. increased its stake in Jumia Technologies by 19.7% in the second quarter. Crumly & Associates Inc. now owns 15,813 shares of the company’s stock worth $64,000 after purchasing an additional 2,600 shares during the period. Boston Standard Wealth Management LLC increased its stake in Jumia Technologies by 96.4% in the second quarter. Boston Standard Wealth Management LLC now owns 21,092 shares of the company’s stock worth $85,000 after purchasing an additional 10,350 shares during the period. Finally, Key Client Fiduciary Advisors LLC lifted its position in shares of Jumia Technologies by 45.4% during the second quarter. Key Client Fiduciary Advisors LLC now owns 21,604 shares of the company’s stock worth $87,000 after purchasing an additional 6,748 shares during the last quarter. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.