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Is Jumia Technologies AG - ADR (JMIA) a Stock to Watch After Gaining 15.14% This Week?

Monday, November 20, 2023 10:35 AM | InvestorsObserver Analysts

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Is Jumia Technologies AG - ADR (JMIA) a Stock to Watch After Gaining 15.14% This Week?

Jumia Technologies AG - ADR (JMIA) stock has risen 15.14% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Jumia Technologies AG - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on JMIA!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With JMIA Stock Today?

Jumia Technologies AG - ADR (JMIA) stock has fallen -0.34% while the S&P 500 has gained 0.23% as of 10:25 AM on Monday, Nov 20. JMIA is lower by -$0.01 from the previous closing price of $2.90 on volume of 315,464 shares. Over the past year the S&P 500 has risen 14.54% while JMIA is lower by -32.79%. JMIA lost -$1.60 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Jumia Technologies AG - ADR click here.

More About Jumia Technologies AG - ADR

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a 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. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates most of its revenue from the West Africa segment. Click Here to get the full Stock Report for Jumia Technologies AG - ADR stock.

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