Research analysts at Royal Bank of Canada assumed coverage on shares of Jumia Technologies (NYSE:JMIA - Get Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set a "sector perform" rating and a $5.00 price target on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 28.87% from the company's current price.
Separately, Benchmark dropped their target price on shares of Jumia Technologies from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.
Read Our Latest Stock Analysis on Jumia Technologies
Jumia Technologies Price Performance
NYSE:JMIA traded down $0.13 during mid-day trading on Wednesday, reaching $3.88. 2,167,189 shares of the company's stock were exchanged, compared to its average volume of 3,947,491. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The business's fifty day simple moving average is $4.81 and its two-hundred day simple moving average is $6.67. Jumia Technologies has a one year low of $2.59 and a one year high of $15.04.
Hedge Funds Weigh In On Jumia Technologies
Several institutional investors have recently bought and sold shares of JMIA. Crumly & Associates Inc. bought a new position in Jumia Technologies in the 3rd quarter worth about $55,000. Wrapmanager Inc. bought a new position in Jumia Technologies in the 3rd quarter worth approximately $58,000. Diversify Advisory Services LLC bought a new stake in Jumia Technologies in the third quarter worth $68,000. The Manufacturers Life Insurance Company bought a new position in shares of Jumia Technologies during the 2nd quarter worth approximately $74,000. Finally, Boston Standard Wealth Management LLC acquired a new stake in shares of Jumia Technologies during the second quarter worth $75,000. Hedge funds and other institutional investors own 16.50% of the company's stock.
About Jumia Technologies
(
Get Free Report)
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.
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