Jumia Technologies (NYSE:JMIA) Shares Gap Up – Still a Buy?

Jumia Technologies (NYSE:JMIA) gapped up prior to trading on Thursday . The stock had previously closed at $10.14, but opened at $11.11. Jumia Technologies shares last traded at $10.2340, with a volume of 1,411,993 shares changing hands.

Wall Street Analysts Forecast Growth

JMIA has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $6.50 to $15.00 in a research note on Tuesday, September 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Jumia Technologies Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.28. The company’s 50 day moving average is $11.09 and its two-hundred day moving average is $6.83.

Jumia Technologies (NYSE:JMIA) last issued its earnings results on Wednesday, November 12th. The company reported ($999.00) EPS for the quarter. The firm had revenue of $45.63 million during the quarter. Jumia Technologies had a negative net margin of 42.52% and a negative return on equity of 89.98%.

Hedge Funds Weigh In On Jumia Technologies

Large investors have recently added to or reduced their stakes in the business. Deuterium Capital Management LLC bought a new stake in Jumia Technologies in the 1st quarter worth approximately $27,000. GAMMA Investing LLC lifted its stake in shares of Jumia Technologies by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock worth $31,000 after purchasing an additional 3,485 shares during the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Jumia Technologies by 30.8% in the first quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company’s stock worth $37,000 after buying an additional 4,036 shares during the last quarter. Lido Advisors LLC purchased a new position in Jumia Technologies during the second quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC lifted its position in shares of Jumia Technologies by 111.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock valued at $44,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which 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 under the JumiaPay name.