There is no way Jumia Technologies AG (JMIA) can keep these numbers up

Jumia Technologies AG (NYSE: JMIA) stock fell -2.44% on Friday to $2.80 against a previous-day closing price of $2.87. With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.6 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.8950 whereas the lowest price it dropped to was $2.7600. The 52-week range on JMIA shows that it touched its highest point at $7.89 and its lowest point at $2.55 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 2.67.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JMIA was up-trending over the past week, with a rise of 1.08%, but this was down by -8.20% over a month. Three-month performance dropped to -26.89% while six-month performance fell -10.26%. The stock lost -63.54% in the past year, while it has lost -12.77% so far this year. A look at the trailing 12-month EPS for JMIA yields -1.60 with Next year EPS estimates of -0.80.

Float and Shares Shorts:

At present, 100.62 million JMIA shares are outstanding with a float of 100.62 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.82 million, which was 8.77% higher than short shares on Jul 30, 2023. In addition to Mr. Francis Dufay as the firm’s CEO & Member of Management Board, Mr. Antoine Maillet-Mezeray serves as its Exec. VP of Fin. & Operations and Member of Management Board.

Institutional Ownership:

Through their ownership of 18.33% of JMIA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.26% of JMIA, in contrast to 8.67% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in JMIA with 9.31% of the stake, Baillie Gifford & Co. holds 9,365,507 shares worth 9,365,507. A second-largest stockholder of JMIA, Goldman Sachs & Co. LLC, holds 1,149,007 shares, controlling over 1.14% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in JMIA, holding 836,385 shares or 0.83% stake. With a 6.68% stake in JMIA, the Vanguard International Growth Fun is the largest stakeholder. A total of 6,724,836 shares are owned by the mutual fund manager. The SPDR S&P Kensho New Economies Com, which owns about 0.71% of JMIA stock, is the second-largest Mutual Fund holder. It holds 709,892 shares valued at 2.18 million. Vanguard Variable Insurance – Int holds 0.48% of the stake in JMIA, owning 477,446 shares worth 1.47 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, JMIA reported revenue of $57.32M and operating income of -$67.73M. The EBITDA in the recently reported quarter was -$61.91M and diluted EPS was -$0.69.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JMIA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JMIA analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, JMIA could surge 7.14% to reach the target high and rise by 7.14% to reach the target low. Reaching the average price target will result in a growth of 7.14% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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