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Friday, November 27, 2020

Is Now the Time to Invest in Jumia Technologies AG (NYSE:JMIA)?

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Jumia Technologies AG (JMIA) shares are trading at higher $10.35 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $12.57.

To add more color to this target, the company’s high over the last year is $23.90 and the low is $2.15. Over the last 52 weeks, JMIA is down -18.95% while the S&P 500 is up 20.39%%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, JMIA reported a profit of $25.63 million. Jumia Technologies AG also saw revenues increase to $38.47 million. In addition, JMIA has free cash flow of -$100.29 million as of 06-2020. The company’s EBITDA came in at -$39.89 million which compares well with its peers.

JMIA Return on Equity (ROE) is -103.40%, and its Return on Assets is -65.00%. All told, it is clear that, JMIA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JMIA has outstanding shares of 78.41M.

Company Outlook

JMIA has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -3.45. Jumia Technologies AG JMIA also noted assets of $251.49 million at the end of the last quarter. Investors should also keep an eye on sector updates as JMIA has historically followed its peers on positive news.

All told, Jumia Technologies AG JMIA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JMIA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Jumia Technologies AG JMIA is now commanding a market cap of 882.96M and a float of 6.75M. JMIA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JMIA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in JMIA, either long or short, and we have not been compensated for this article.

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