Jumia to Announce Second Quarter 2021 Results on August 10, 2021
Best Stocks Under $50
12. Jumia Technologies AG (NYSE: JMIA)
Number of Hedge Fund Holders: 16
Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. It ranks 12th on our list of the best stocks under $50.
This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit's WallStreetBets Forum. In the first quarter of 2021, Jumia Technologies AG (NYSE: JMIA) had an EPS of $0.00, beating estimates by $0.45, while its revenue was $33.26 million, up 5.1% year over year but missing estimates by -$10.10 million. The company's gross profit margin is 68.86%, and the stock has gained 394.12% in the past year.
As of the end of the first quarter of 2021, 16 hedge funds out of the 866 held stakes in Jumia Technologies AG (NYSE: JMIA), with a total stake value of about $123 million. This is compared to 13 hedge funds in the previous quarter, with a total stake value of roughly $241 million.
Downgrade 7/20-
Jumia Technologies price target lowered to $21 from $32 at Morgan Stanley 07/20 JMIA Morgan Stanley analyst Brian Nowak lowered the firm's price target on Jumia Technologies to $21 from $32 and keeps an Equal Weight rating on the shares. He expects a more gradual return to growth as Jumia invests in sales and marketing in a more disciplined manner, Nowak tells investors. He also expects pressure on Average Order Value, or AOV, as Jumia's product mix continues to shift towards lower AOV, higher margin items, said Nowak.
JMIA-$22 // This has had a wild ride. To me it has the look of a $$35-40 stock but nobody seems to like it.
1 month DOWN 21%<---
6 months DOWN 65%!<----
1 year PLUS 24%<------