Should you short it before the Earnings result? : Jumia Technologies (NYSE:JMIA)

Earnings results for Jumia Technologies (NYSE:JMIA)

Jumia Technologies AG is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.46.

Analyst Opinion on Jumia Technologies (NYSE:JMIA)

5 Wall Street analysts have issued ratings and price targets for Jumia Technologies in the last 12 months. Their average twelve-month price target is $19.67, predicting that the stock has a possible downside of 64.83%. The high price target for JMIA is $32.00 and the low price target for JMIA is $12.00. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Jumia Technologies has received a consensus rating of Hold. The company’s average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.67, Jumia Technologies has a forecasted downside of 64.8% from its current price of $55.92. Jumia Technologies has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Jumia Technologies (NYSE:JMIA)

Jumia Technologies does not currently pay a dividend. Jumia Technologies does not have a long track record of dividend growth.

Insiders buying/selling: Jumia Technologies (NYSE:JMIA)

In the past three months, Jumia Technologies insiders have not sold or bought any company stock. Only 30.27% of the stock of Jumia Technologies is held by institutions.

Earnings and Valuation of Jumia Technologies (NYSE:JMIA

Earnings for Jumia Technologies are expected to grow in the coming year, from ($2.13) to ($1.83) per share. The P/E ratio of Jumia Technologies is -16.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Jumia Technologies is -16.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Jumia Technologies has a P/B Ratio of 20.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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