Shares of Jumia Technologies AG American Depositary Shares each representing two (NYSE:JMIA) traded today at $69.89, eclipsing its 52-week high. This new high was reached on below average trading volume as 4.3 million shares traded hands, while the average 30-day volume is approximately 10.6 million shares.
In the past 52 weeks, Jumia Technologies AG American Depositary Shares each representing two share prices are bracketed by a low of $2.15 and a high of $69.89 and is now at $66.13, 2,976% above that low price.
Potential upside of 16.8% exists for Jumia Technologies AG American Depositary Shares each representing two, based on a current level of $66.13 and analysts’ average consensus price target of $77.25.
Jumia Technologies AG is the pan-African e-commerce platform. The company’s platform consists of the 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. The company offers its services to various countries such as Nigeria, Egypt, Morocco, Kenya, Tunisia, Ghana, Senegal, Uganda, Egypt, and Tanzania among others. Its geographical segments are West Africa, North Africa, South Africa, East Africa, Portugal, France, and Germany. The firm generates a majority of its revenue from the West Africa segment.
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