Jumia Technologies AG ADR (JMIA) News
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JMIA News Highlights
- JMIA's 30 day story count now stands at 4.
- Over the past 10 days, the trend for JMIA's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest JMIA News From Around the Web
Below are the latest news stories about JUMIA TECHNOLOGIES AG that investors may wish to consider to help them evaluate JMIA as an investment opportunity.
Finding the best African stocks to buy is a challenge worth taking up. Africa last great investing frontier. The booming economies of China and India have made many investors eagled-eyed for what’s coming next, but there are still plenty who haven’t yet dipped their toes into emerging markets such as Africa. The search for the best African stocks has put several companies in the spotlight for investors looking for massive gains ahead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Shares of African e-commerce company Jumia Technologies (NYSE: JMIA) soared 34.1% in August, according to data provided by S&P Global Market Intelligence. On Aug. 10, Jumia reported Q2 results that showed growth in important areas.
Jumia Technologies (JMIA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Africa-focused e-commerce firm Jumia Technologies has partnered with drone-delivery startup Zipline to deliver household items to remote areas of Ghana, the companies said on Thursday. The venture will combine San Francisco-based Zipline's automated, on-demand delivery system with Jumia's distribution network to enable customers from remote and rural areas to order and receive electronics, cosmetics, fashion and other products. Jumia, an online marketplace for vendors and food sellers, with associated services including logistics and payments, was the first Africa-focused tech start-up to list on the New York Stock Exchange in 2019.
This Africa-focused e-commerce company has unmatched potential compared to the rest of the industry.
Jumia reported its second-quarter earnings on Aug. 10. The revenue growth was better than analysts expected for the period, a big reason Jumia's stock price jumped the day after the results came out. While revenue growth looked solid, profitability has still been hard to find for this company.
Stifel Nicolaus analyst Lamont Williams maintained a Hold rating on Jumia Technologies AG (JMIA - Research Report) today and set a price target of $9.00. The company's shares closed today at $8.20.According to TipRanks, Williams is a 3-star analyst with an average return of 4.4% and a 30.00% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as Rover Group, Enjoy Technology Inc, and Stitch Fix.Currently, the analyst consensus on Jumia Technologies AG is a Hold with an average price target of $7.95.
With us today are Sacha Poignonnec and Jeremy Hodara, co-founders and co-CEOs of Jumia, and Antoine Maillet-Mezeray, CFO. Actual results may differ materially from those indicated in the forward-looking statements.
African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16% despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. It was the first Africa-focused tech startup to list on the New York Stock Exchange in 2019.
Shares of African e-commerce company Jumia Technologies (NYSE: JMIA) popped on Wednesday after a very promising financial report for the second quarter of 2022. In relative terms, the company showed improvement in most every performance metric. In Q2, Jumia's revenue was up 42.5% year over year to $57.3 million.