Shares of Jumia Technologies (JMIA -7.35%) continued to decline in March on a broader pullback in high-priced growth stocks. Rising interest rates and a general rotation into more cyclical stocks continued the slide from February, and the African e-commerce company's announcement of a secondary offering also pressured the stock.
Full Answer
Why did jmia stock fall Tuesday after earnings?
· Jumia stock is down on its luck, and the hardship has taken its toll on the bulls. But there could be relief coming from the technicals on the charts. 7 …
Where can I buy shares of jmia?
· Trending down on the stock market doesn’t always mean turmoil. On the flip side, a boom doesn’t necessarily mean the underlying business struck gold. Patience is the name of the game for Jumia.
Is Jumia Technologies stock overvalued?
· Shares of Jumia Technologies ( NYSE:JMIA) finished last month lower after the African e-commerce company succumbed to the tech sell-off at the end of the month. The company also delivered a...
Will Jumia (jmia) fall further?
· Shares of Jumia Technologies ( JMIA -7.35% ) continued to decline in March on a broader pullback in high-priced growth stocks. Rising interest rates and a general rotation into more cyclical stocks...
Why is JMIA stock up today?
Why Jumia Stock Jumped Today. Shares of African e-commerce and digital-payments company Jumia Technologies (NYSE: JMIA) jumped on Tuesday after the company reported financial results for the first quarter of 2022, showing strong growth across its business. As of noon ET, Jumia stock was up 24%.
What's wrong with Jumia?
Citron Research openly accused Jumia of fraud and described its equity as “worthless.” From a peak price of $49,99, Jumia stocks fell off a cliff and the bottom dropped out as the share price fell below its IPO price of $14.50. Some disgruntled investors began filing class action lawsuits.
Is jumia undervalued?
Therefore, many investors compare this to Jumia's $3.3 billion market cap and conclude the stock is extremely undervalued....The problem with valuing stocks by market capitalization.CompanyMarket capJumia Technologies (JMIA 14.82%)$3 billionMercadoLibre (MELI 9.96%)$83 billion3 more rows•Dec 18, 2020
Is JMIA a long term stock?
In short, this may be one of the best long-term investment options that you'll ever see, despite the fact that past performance might seem to indicate otherwise at first glance.
Is Konga better than Jumia?
In March 2021, Konga recorded about 2.48 million web visits worldwide with about 89.34% web visits from Nigeria. In March 2021, Jumia recorded a total web visit of 9.87 million worldwide. Most visits were from Nigeria – 87.20%visits. Verdict: Jumia is rated higher than Konga in terms of global internet engagement.
Which country owns Jumia?
Lagos, NigeriaJumiaTypePublicFounded2012 Lagos, Nigeria.FoundersJérémy Hodara, Sacha PoignonnecKey peopleJérémy Hodara (CEO) Sacha Poignonnec (CEO)Number of employees51004 more rows
Is jumia stock a good buy?
Analysts expect its revenue to rise 11% to $198 million in 2022. Jumia's stock trades at three times that estimate, which is a reasonable (but not cheap) valuation relative to its growth.
How can I buy Coupang stock?
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Will JMIA go up?
Jumia Technologies AG (NYSE:JMIA) The 3 analysts offering 12-month price forecasts for Jumia Technologies AG have a median target of 10.84, with a high estimate of 11.26 and a low estimate of 8.50. The median estimate represents a +52.84% increase from the last price of 7.10.
What does jumia technology do?
Jumia Technologies AG provides e-commerce platform. The Company offers marketplace, logistics, shipment, delivery, and payment services. Jumia Technologies serves clients worldwide.
How do you buy grab stock?
How to buy shares in Grab HoldingsCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is Jumia trusted?
No to Fake products JUMIA's goal is to build the best online shopping experience to gain customer's trust; this is why we only sell genuine and original products. JUMIA is abiding by the legal rules related to the Customer Protection regulations.
What happened to Jumia Nigeria?
Jumia left fragmented markets that are hostile to ecommerce with underdeveloped digital payment services and a poor logistical and delivery infrastructure that led to high managing operations costs. In addition, the company downsized its operations in Nigeria, its biggest market.
Is Jumia still a unicorn?
These $1 billion+ companies—typically referred to as unicorns—are Flutterwave, Interswitch, and Fawry in fintech, and Jumia in e-commerce.
Why did Jumia fail Tanzania?
The Africa's e-commerce giant has just decided to pull out from the 23 million internet users in the country. A statement from the company revealed that the retailer has decided to focus on operations in other countries where they can bring the best value and help Jumia thrive.
Is Jumia a patience game?
Patience is the name of the game for Jumia. While its current stumble has to hurt, that doesn’t exclude it from really becoming the next Bezos-level endeavor.
Is Africa an emerging market?
Africa is considered an emerging market, and bulls believe that Jumia has a huge opportunity to develop its e-commerce system. With a market capitalization of $1.4 billion, roughly $600 million in cash and cash equivalents and a largely untapped African market, comparisons to Amazon (NASDAQ: AMZN) — while early — seem justified.
Is Jumia a high growth company?
With that said, Jumia also presents huge potential as a high-growth operator. Trending down on the stock market doesn’t always mean turmoil. On the flip side, a boom doesn’t necessarily mean the underlying business struck gold.
Is Jumia out of the woods?
Unfortunately, it doesn’t appear Jumia is out of the woods yet, either. Vaccination hiccups means it could be some time before the business returns to normal.
Is GMV going to breakeven?
Over the near term, the company has set a target of reaching breakeven.
Is Jumia a risk?
Jumia offers one of the higher levels of risk/reward in the market today. The company is the leading e-commerce company in Africa, a region that other operators have avoided because of poor infrastructure. Its financial results have yet to inspire confidence as GMV is declining, the company had uncovered fraud among some of its sales force, and the path to profitability is unclear.
When did Jumia stock plunge?
The stock plunged on March 18 when Jumia announced the offering, but jumped on March 30 when the company completed it, selling the shares for $38.90 apiece. Jumia raised $341.2 million in net proceeds and diluted shareholders by about 10%.
Why is Jumia not in Africa?
Jumia is the leader in e-commerce in Africa, but its results so far show a business struggling to gain scale, and larger e-commerce companies have avoided Africa in part because of the lack of infrastructure.
Is Jumia's revenue falling?
Jumia's revenue is actually falling as the company pivots to a marketplace model and focuses on selling frequently purchased products rather than big-ticket items like electronics. Image source: Jumia. The only significant piece of news from Jumia last month was its selling nearly 9 million American depositary shares.
What is the JMIA symbol?
Jumia Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "J MIA."
How much does Jumia make?
How much money does Jumia Technologies make? Jumia Technologies has a market capitalization of $2.18 billion and generates $159.45 million in revenue each year. The company earns $-183,830,000.00 in net income (profit) each year or ($2.28) on an earnings per share basis.
What is Jumia Technologies?
Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets. The company was founded by Jeremy Hodara, Sacha Poignonnec, Peter Allerstorfer, Manuel Koser, Tunde Kehinde and Raphael Afaedor in 2012 and is headquartered in Berlin, Germany.
Where is Jumia Technologies located?
Jumia Technologies' mailing address is CHARLOTTENSTRA¿E 4, BERLIN 2M, 10969. The company can be reached via phone at 4930398203454 or via email at [email protected].
What is the P/B ratio of Jumia?
Jumia Technologies has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Investors were expecting this platform to be adopted in Africa at a much quicker pace
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What happened
Shares of African e-commerce company Jumia Technologies ( NYSE:JMIA) were having a bad day on Tuesday after the company released financial results for the third quarter of 2021. As of 1:30 p.m. EST, the stock was down 20% for the session and down almost 80% from its all-time high reached earlier this year.
So what
For Q3, Jumia reported revenue of $42.7 million, which was up 8.5% year over year. Management hadn't given guidance but Wall Street analysts had expected revenue a little higher.
Now what
One of the only things Jumia management said prior to this quarter was that it was going to spend more on advertising in the second half of 2021 compared to the first half. That played out in Q3 in a big way. In the first half of 2021, it spent $26.8 million on sales and marketing. It spent $24 million in Q3 alone.
