Jumia Technologies (NYSE:JMIA) Stock Price Down 8% – Time to Sell?

Shares of Jumia Technologies (NYSE:JMIA) dropped 8% on Monday . The stock traded as low as $12.25 and last traded at $12.3070. Approximately 2,301,820 shares were traded during trading, a decline of 20% from the average daily volume of 2,879,462 shares. The stock had previously closed at $13.37.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JMIA shares. Craig Hallum assumed coverage on Jumia Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $18.00 price target for the company. Benchmark initiated coverage on Jumia Technologies in a research report on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Jumia Technologies Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.20 and a quick ratio of 1.12. The firm has a fifty day moving average of $12.65 and a 200-day moving average of $10.45.

Hedge Funds Weigh In On Jumia Technologies

Several institutional investors have recently modified their holdings of JMIA. GAMMA Investing LLC lifted its position in Jumia Technologies by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,092 shares of the company’s stock valued at $106,000 after purchasing an additional 1,297 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Jumia Technologies by 111.1% during the third 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 during the last quarter. Lido Advisors LLC boosted its position in shares of Jumia Technologies by 21.0% during the third quarter. Lido Advisors LLC now owns 12,214 shares of the company’s stock worth $142,000 after buying an additional 2,117 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Jumia Technologies by 12.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,219 shares of the company’s stock worth $223,000 after buying an additional 2,199 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in Jumia Technologies by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 42,348 shares of the company’s stock valued at $170,000 after acquiring an additional 2,300 shares during the period. 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.