Overall market sentiment has been high on Jumia Technologies AG - ADR (JMIA) stock lately. JMIA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With JMIA Stock Today?
Jumia Technologies AG - ADR (JMIA) stock is trading at $9.45 as of 11:04 AM on Wednesday, Jul 22, an increase of $0.50, or 5.59% from the previous closing price of $8.95. The stock has traded between $8.90 and $9.85 so far today. Volume today is low. So far 2,799,106 shares have traded compared to average volume of 4,924,346 shares.
More About Jumia Technologies AG - ADR
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.