Should You Buy Jumia Technologies AG - ADR (JMIA) Stock After it Is Up 9.75% in a Week?

The market has been high on Jumia Technologies AG - ADR (JMIA) stock recently. JMIA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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!

See Full JMIA Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With JMIA Stock Today?

Jumia Technologies AG - ADR (JMIA) stock is trading at $3.49 as of 1:03 PM on Thursday, Nov 30, a drop of -$0.22, or -5.93% from the previous closing price of $3.71. The stock has traded between $3.45 and $3.81 so far today. Volume today is 1,631,415 compared to average volume of 1,335,895. 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.