Where Does Wall Street Think Jumia Technologies AG – ADR (JMIA) Stock Will Go? – InvestorsObserver
Analysts who follow Jumia Technologies AG – ADR (JMIA) on average expect it to gain 54.80% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Jumia Technologies AG – ADR an Analyst Ranking of 3, which means it ranks higher than 3 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With Jumia Technologies AG – ADR Stock Today?
Jumia Technologies AG – ADR (JMIA) stock is trading at $3.23 as of 9:55 AM on Friday, Dec 30, a decline of -$0.12, or -3.44% from the previous closing price of $3.35. The stock has traded between $3.19 and $3.28 so far today. Volume today is below average. So far 229,474 shares have traded compared to average volume of 2,316,192 shares. Click Here to get the full Stock Report for Jumia Technologies AG – ADR stock.
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