Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists 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 on June 26, 2012 and is headquartered in Berlin, Germany.
Back in late August, the team at InvestorPlace and I launched a brand-new multimedia initiative called Quick Picks. The goal? Deliver to viewers, for free in a YouTube video that runs less than five minutes, some of my top stocks to buy — quick, actionable insights that could help you score big returns in the market.
So far, we’ve executed strongly on half of that goal.
The half we are doing really well on? Giving you top stocks to buy. You know, the “picks” part. So far, we’ve delivered 80 picks. About 86% of them have been accurate, with an average return per pick of 60% and a max return of nearly 450%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The half we are failing at? The “quick” part. We promised 5 minutes or less per video. But I’m an enthusiastic guy. And in...
After it went public in 2019, investors largely stayed away from African e-commerce play Jumia Technologies (NYSE:JMIA) stock. But, with investors in 2020 willing to pay up for “story stocks,” shares went on a tear in the latter half of the year. But, while many have coined this Africa’s answer to e-commerce powerhouses like Amazon (NASDAQ:AMZN) and Alibaba (NYSE:BABA), it’s debatable whether it’ll live up to the comparisons.
Source: Christopher Penler / Shutterstock.com
On one hand, while its still a small company (trailing twelve-month sales stand at $172.5 million), the company’s growth runway could be massive. As the emerging economies of Africa expand, this company stands to benefit from its first mover advantage.
On the other hand, it’ll be many years before its strategy pays of...
Shares of Jumia Technologies (NYSE: JMIA) were up 25.4% in December, according to data provided by S&P Global Market Intelligence. It likely would have gone even higher if Jumia hadn't sold more of its stock on the open market. The COVID-19 pandemic surprisingly ushered a host of new investors into the stock market in 2020.