Jumia Technologies (JMIA) Set to Announce Quarterly Earnings on Wednesday

Jumia Technologies (NYSE:JMIA) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 21st. Analysts expect the company to announce earnings of ($0.66) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Shares of NYSE JMIA opened at $13.13 on Wednesday. The business has a fifty day moving average of $21.09. Jumia Technologies has a one year low of $11.30 and a one year high of $49.77.

JMIA has been the subject of several recent analyst reports. Berenberg Bank raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, May 14th. Zacks Investment Research lowered shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Stifel Nicolaus raised shares of Jumia Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Raymond James raised shares of Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday, May 14th. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on shares of Jumia Technologies to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.33.

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.

Further Reading: Cost of Equity For A Business, Investors

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