Jumia Technologies (NYSE:JMIA) Trading 7.8% Higher – Should You Buy?

Jumia Technologies (NYSE:JMIA)’s share price was up 7.8% during mid-day trading on Tuesday . The company traded as high as $7.13 and last traded at $7.1050. Approximately 1,799,303 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,948,132 shares. The stock had previously closed at $6.59.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Craig Hallum reiterated a “buy” rating on shares of Jumia Technologies in a research note on Tuesday, March 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Tuesday, April 21st. Finally, New Street Research set a $18.00 target price on Jumia Technologies in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Jumia Technologies Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $7.09 and its 200 day simple moving average is $9.00.

Insider Activity at Jumia Technologies

In other news, EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.09, for a total value of $141,800.00. Following the completion of the transaction, the executive vice president directly owned 279,992 shares of the company’s stock, valued at approximately $1,985,143.28. The trade was a 6.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Jumia Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in Jumia Technologies by 2,066.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $47,000 after acquiring an additional 3,596 shares during the period. Jump Financial LLC acquired a new stake in shares of Jumia Technologies during the 2nd quarter worth approximately $49,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Jumia Technologies during the 2nd quarter worth approximately $50,000. EverSource Wealth Advisors LLC raised its position in shares of Jumia Technologies by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock worth $51,000 after purchasing an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Jumia Technologies in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

About Jumia Technologies

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.