Does Jumia Technologies AG (JMIA)s Current Price Volatility Hinder Its Future Potential?
Jumia Technologies AG (NYSE:JMIA) has seen 2.63 million shares traded in the last trading session. The company, currently valued at $3.00B, closed the last trade at $30.39 per share which meant it gained $0.33 on the day or 1.10% during that session. The JMIA stock price is -129.98% off its 52-week high price of $69.89 and 83.22% above the 52-week low of $5.10. If we look at the companys 10-day average daily trading volume, we find that it stood at 4.24 million shares traded. The 3-month trading volume is 6.92 million shares. The consensus among analysts is that Jumia Technologies AG (JMIA) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 7 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.28. Jumia Technologies AG (NYSE:JMIA) trade information  Sporting 1.10% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 06/14/21 when the JMIA stock price touched $30.39 or saw a rise of 9.82%. Year-to-date, Jumia Technologies AG shares have moved -24.68%, while the 5-day performance has seen it change -7.46%. Over the past 30 days, the shares of Jumia Technologies AG (NYSE:JMIA) have changed 31.56%. Short interest in the company has seen 15.04 million shares shorted with days to cover at 2.07. Wall Street analysts have a consensus price target for the stock at $32.25, which means that the shares value could jump 5.77% from current levels. The projected low price target is $17.27 while the price target rests at a high of $63.18. In that case, then, we find that the current price level is -107.9% off the targeted high while a plunge would see the stock lose 43.17% from current levels. Jumia Technologies AG (JMIA) estimates and forecasts  Figures show that Jumia Technologies AG shares have outperformed across the wider relevant industry. The companys shares have lost -19.62% over the past 6 months, with this year growth rate of 25.88%, compared to 19.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 22.20% and 27.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 12.10%. 3 analysts offering their estimates for the company have set an average revenue estimate of $33.18 million for the current quarter. 3 have an estimated revenue figure of $43.19 million for the next quarter concluding in Jun 2021. Year-ago sales stood $33.19 million and $41.27 million respectively for this quarter and the next, and analysts expect sales will shrink by -0.00% for the current quarter and 4.60% for the next. JMIA Dividends  Jumia Technologies AG is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  Jumia Technologies AG (NYSE:JMIA)s Major holders  Insiders own 0.05% of the company shares, while shares held by institutions stand at 27.78% with a share float percentage of 27.79%. Investors are also buoyed by the number of investors in a company, with Jumia Technologies AG having a total of 224 institutions that hold shares in the company. The top two institutional holders are Baillie Gifford and Company with over 9.17 million shares worth more than $325.22 million. As of Mar 30, 2021, Baillie Gifford and Company held 9.30% of shares outstanding. The other major institutional holder is Susquehanna International Group, LLP, with the holding of over 1.61 million shares as of Mar 30, 2021. The firms total holdings are worth over $57.21 million and represent 1.64% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard International Growth Fund and Amplify Online Retail ETF. As of Feb 27, 2021, the former fund manager holds about 6.82% shares in the company for having 6.72 million shares of worth $297.98 million while later fund manager owns 0.66 million shares of worth $23.38 million as of Mar 30, 2021, which makes it owner of about 0.67% of companys outstanding stock.