JMIA Stock Summary and Trading Ideas (Jumia Technologies Ag American Depositary Shares Each Representing Two | NYSE:JMIA)

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.

Jumia Technologies Ag American Depositary Shares Each Representing Two trades on the NYSE stock market under the symbol JMIA.

As of September 27, 2024, JMIA stock price climbed to $5.30 with 3,884,412 million shares trading.

JMIA has a beta of 3.38, meaning it tends to be more sensitive to market movements. JMIA has a correlation of 0.11 to the broad based SPY ETF.

JMIA has a market cap of $649.05 million. This is considered a Small Cap stock.

In the last 3 years, JMIA traded as high as $20.64 and as low as $2.23.

The top ETF exchange traded funds that JMIA belongs to (by Net Assets): KOMP, SPDW, TMAT, APIE, GWX.

JMIA has outperformed the market in the last year with a price return of +128.4% while the SPY ETF gained +35.8%. However, in the short term, JMIA had mixed performance relative to the market. It has underperformed in the last 3 months, returning -27.0% vs +4.9% return in SPY. But in the last 2 weeks, JMIA shares have fared better than the market returning +11.1% compared to SPY +2.0%.

JMIA support price is $4.98 and resistance is $5.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JMIA shares will trade within this expected range on the day.