Could Jumia Technologies AG (JMIA) Lose Strenght? The Stock Increases A Lot Today

The stock of Jumia Technologies AG (NYSE:JMIA) is a huge mover today! The stock increased 3.67% or $0.47 during the last trading session, reaching $13.27. About 13,743 shares traded. Jumia Technologies AG (NYSE:JMIA) has 0.00% since August 15, 2018 and is . It has by 0.00% the S&P500.
The move comes after 5 months positive chart setup for the $1.04B company. It was reported on Aug, 15 by Barchart.com. We have $13.93 PT which if reached, will make NYSE:JMIA worth $52.00M more.

Jumia Technologies AG (NYSE:JMIA) Ratings Coverage

Among 2 analysts covering Jumia Technologies (NYSE:JMIA), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Jumia Technologies has $4000 highest and $2700 lowest target. $33.50’s average target is 152.45% above currents $13.27 stock price. Jumia Technologies had 6 analyst reports since May 6, 2019 according to SRatingsIntel.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: Seekingalpha.com which released: “Jumia Technologies AG 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” on May 13, 2019, also Seekingalpha.com with their article: “Jumia Well-Poised For African E-Commerce Success With U.S. IPO – Seeking Alpha” published on March 31, 2019, Fool.com published: “How to Invest in E-Commerce Outside the U.S. – Motley Fool” on July 18, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: Fool.com and their article: “Why Jumia Technologies Plummeted 35.6% in July – The Motley Fool” published on August 08, 2019 as well as Qz.com‘s news article titled: “Jumia prices share ahead of for $1.3 billion IPO – Quartz” with publication date: April 01, 2019.

Jumia Technologies AG operates an e-commerce platform in Africa. The company has market cap of $1.04 billion. 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. It currently has negative earnings. The Company’s marketplace offers various products in a range of categories, including fashion and apparel, smartphones, home and living, consumer packaged goods, beauty and perfumes, and other electronics, as well as access to various services, such as restaurant food delivery, hotel and flight booking, classified advertising, airtime recharge, and instant delivery.

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