New York, (The Southern African Times) – Wall Street analysts forecast that Jumia Technologies AG (NYSE:JMIA) will report sales of $41.35 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Jumia Technologies’ earnings. The lowest sales estimate is $40.00 million and the highest is $42.70 million. Jumia Technologies posted sales of $39.36 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is expected to report its next quarterly earnings results on Tuesday, November 9th.
On average, analysts expect that Jumia Technologies will report full year sales of $158.79 million for the current year, with estimates ranging from $142.37 million to $170.70 million. For the next fiscal year, analysts forecast that the business will post sales of $183.03 million, with estimates ranging from $160.69 million to $205.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Jumia Technologies.
JMIA has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Jumia Technologies from $32.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 20th. Zacks Investment Research raised Jumia Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 13th.
Shares of JMIA stock opened at $18.39 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.53 and a current ratio of 4.61. Jumia Technologies has a 1 year low of $11.70 and a 1 year high of $69.89. The stock has a fifty day moving average of $19.30 and a two-hundred day moving average of $25.08. The firm has a market capitalization of $1.81 billion, a PE ratio of -8.02 and a beta of 3.53.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Jumia Technologies in the first quarter valued at about $376,000. Russell Investments Group Ltd. purchased a new position in Jumia Technologies in the first quarter valued at about $1,421,000. Ensign Peak Advisors Inc purchased a new position in Jumia Technologies in the first quarter valued at about $709,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Jumia Technologies by 112.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,246 shares of the company’s stock valued at $3,236,000 after purchasing an additional 48,224 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Jumia Technologies by 4,841.2% during the 1st quarter. Citigroup Inc. now owns 133,039 shares of the company’s stock worth $4,718,000 after acquiring an additional 135,845 shares in the last quarter. Institutional investors and hedge funds own 35.57% of the company’s stock.