JMIA stock has solid long-term potential as a proxy for the African growth story. This is true regardless of the outcome of the company’s Q3 2021 results.
Similarly, Is JMIA a long-term stock?
Even more impressive, many stock market analysts believe that the company could genuinely outperform itself within the next five years. 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 Jumia growing? Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year. E-commerce in Africa is growing fast and its potential remains enormous as more people get connected to the internet.
Thereof, Should you invest in jumia?
After its steep drop, Jumia is less risky than ever. It can fall more due to tax-loss selling. Investors seeking stable growth companies should buy the shares of Amazon or MercadoLibre stock. More speculative investors can consider taking a bullish position in JMIA stock.
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.
Why did Jumia go up?
Shares of African e-commerce company Jumia Technologies ( JMIA -0.11% ) skyrocketed on Monday on news that it had partnered with United Parcel Service ( UPS 0.62% ). The company will provide shipping logistics to UPS, and this had Jumia stock up 29% as of 1 p.m. ET today.
Is Jumia a platform?
Jumia, a Nigerian e-commerce platform, has been making a difference in consumers’ lives for nine years. Nigeria’s top online shopping site is often referred to as the “Amazon of Africa”. However, Jumia has also faced serious downturns in its history.
Who is JMIA?
Jumia Technologies (NYSE: JMIA), the German company that operates one of Africa’s leading e-commerce marketplaces, posted a mixed fourth-quarter earnings report on Feb. 23. Jumia’s revenue rose 26% year over year to $62.
Why is Jumia going up?
Jumia Technologies (NYSE:JMIA) stock is rising higher on Monday following news of a deal with United Parcel Service (NYSE:UPS). The deal between the two companies will have Jumia handling the last-mile delivery of packages shipped through UPS. This allows UPS to expand its business in Africa to more areas.
What countries is jumia in?
Currently, Lagos, Nigeria–based e-tailer Jumia is at the forefront of Africa’s e-commerce movement. The company has warehouses in 10 countries, including Nigeria, Kenya, Egypt, Tanzania, and the Ivory Coast, and offers thousands of items to a public eager to buy quality goods.
Will Amazon Buy Jumia?
According to a survey conducted in the U.S. in February 2021, majority of respondents said that Amazon should move forward with acquiring e-commerce companies, such as Alibaba or Jumia, that year. In terms of respondents’ support, 26 percent said that Amazon should move forward on an M&A with Alibaba and Jumia.
Can Jumia be profitable?
It could take years for Jumia to be profitable . That’s partly because its sales, advertising, technology investments, and general expenses will all increase. For example, its general and administrative expenses excluded share-based compensation and still rose 10% YOY to $25.2 million.
Which country owns Jumia?
Jumia
| Type | Public |
|---|---|
| Founded | 2012 Lagos, Nigeria . |
| Founders | Jérémy Hodara, Sacha Poignonnec |
| Key people | Jérémy Hodara (CEO) Sacha Poignonnec (CEO) |
| Number of employees | 5100 |
Who owns Jumia Kenya?
Jumia was the first African company to win an award at the World Online Retail Awards 2013 in Paris as the “Best New Retail Launch” of the year. Managing Director Parinaz Firozi was born and raised in India until the age of 11.
What does JMIA company do?
Its marketplace offers various products in a range of categories, such as fashion and apparel, beauty and personal care, home and living, fast moving consumer goods, smartphones, and other electronics, as well as access to various services, including restaurant food delivery, hotel and flight booking, classified …
What kind of company is JMIA?
Jumia Technologies AG is a Germany-based e-commerce platform provider.
Where is JMIA based?
JMIA – Jumia Technologies AG
The company was formerly known as Africa Internet Holding GmbH and changed its name to Jumia Technologies AG in January 2019. Jumia Technologies AG was founded in 2012 and is headquartered in Berlin, Germany.
What is wrong with Jumia?
Within a few weeks, Jumia’s stock suffered a spectacular decline, weighed down by allegations of fraud and concealed losses, a scathing report by a notorious short-seller, embarrassing fraud lawsuits in New York courts and a public relations disaster over its identity.
Is jumia popular in Africa?
Summary. Jumia’s financial performance over the past several years has been nothing short of underwhelming. Equipped with an addressable market of 1.2B consumers, Jumia is the frontrunner in Africa’s e-commerce market.
Is eBay a takeover target?
A potential takeover target
According to FactSet estimates, transaction volumes and eBay’s take rate are still expected to increase over the next few years which should keep profits growing. This makes eBay something of an outlier amongst many richly valued Nasdaq listed tech stocks.
Will Amazon acquire eBay?
Currently, Amazon has not confirmed any plans to buy eBay, although Forbes Magazine speculated that Amazon could buy eBay in a cash deal.
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