Jumia Technologies AG – (NYSE:JMIA) Expected to Announce Quarterly Sales of $66.40 Million

Wall Street analysts expect Jumia Technologies AG – (NYSE:JMIA) to post sales of $66.40 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Jumia Technologies’ earnings, with the lowest sales estimate coming in at $63.58 million and the highest estimate coming in at $70.51 million. The firm is scheduled to issue its next earnings report on Monday, April 20th.

According to Zacks, analysts expect that Jumia Technologies will report full-year sales of $253.02 million for the current year, with estimates ranging from $237.49 million to $283.47 million. For the next year, analysts forecast that the business will post sales of $353.89 million, with estimates ranging from $303.38 million to $409.86 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Jumia Technologies.

Several brokerages recently issued reports on JMIA. Raymond James cut their price target on Jumia Technologies from $23.00 to $8.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Zacks Investment Research raised Jumia Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Wednesday, January 1st. Renaissance Capital assumed coverage on Jumia Technologies in a research note on Thursday, December 5th. They set a “sell” rating and a $3.50 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $14.00 target price on shares of Jumia Technologies in a research note on Friday, November 1st. Finally, Royal Bank of Canada cut their target price on Jumia Technologies from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.19.

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in Jumia Technologies during the 2nd quarter valued at $1,369,000. Morgan Stanley bought a new stake in Jumia Technologies during the 2nd quarter valued at $9,705,000. SG Americas Securities LLC bought a new stake in Jumia Technologies during the 3rd quarter valued at $160,000. Stifel Financial Corp raised its stake in Jumia Technologies by 70.4% during the 3rd quarter. Stifel Financial Corp now owns 14,664 shares of the company’s stock valued at $123,000 after acquiring an additional 6,056 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Jumia Technologies during the 2nd quarter valued at $2,377,000. 15.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JMIA traded down $0.06 during mid-day trading on Thursday, hitting $6.14. The company had a trading volume of 756,402 shares, compared to its average volume of 1,174,997. The stock has a market cap of $436.91 million and a price-to-earnings ratio of -1.53. Jumia Technologies has a 12 month low of $4.94 and a 12 month high of $49.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.23 and a quick ratio of 3.13. The firm’s 50 day simple moving average is $5.93 and its two-hundred day simple moving average is $10.90.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that 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.

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