Why Jumia Stock Skyrocketed Today Shares of African e-commerce company Jumia Technologies (NYSE: JMIA) skyrocketed on Monday on news that it had partnered with United Parcel Service (NYSE: UPS). The company will provide shipping logistics to UPS, and this had Jumia stock up 29% as of 1 p.m. ET today.
Also, why is jumia stock down? What happened. Shares of Jumia Technologies ( JMIA -3.43% ) were falling last month after the African e-commerce company posted a disappointing third-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished the month down 32%.
Frequent question, will jumia Technologies stock go up? Stock Price Forecast The 4 analysts offering 12-month price forecasts for Jumia Technologies AG have a median target of 11.05, with a high estimate of 32.67 and a low estimate of 8.71. The median estimate represents a +18.65% increase from the last price of 9.31.
Also the question is, how can I buy shares in jumia?
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People ask also, 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.
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.97, with a high estimate of 86.67 and a low estimate of 24.11. The median estimate represents a +71.83% increase from the last price of 19.19.
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Shares of WISH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Who are Jumia competitors?
- Souq — owned by Amazon — is leading in the Egyptian market.
- Jiji — with over 8 million monthly active users, Jiji is a strong competitor in Nigeria.
- Konga — has been an war with Jumia for years in a battle to dominate the Nigerian ecommece market.
How does Jumia make their money?
Jumia.com.ng Asides making revenue from the profit margin on items sold from its inventory, Jumia — the eCommerce platform — also charges commissions (up to 25%) on all sales made by third-party sellers.
When did Jumia go public?
Jumia Technologies went public in April 2019 as a cash-burning machine.
Is jumia overvalued?
For one thing, JMIA stock is overvalued. Currently, Jumia trades at nearly 17-times sales, whereas the retail industry has a median price-sales ratio of 0.87x. Further, Jumia is priced at nearly 11-times book value, while the underlying industry median is at less than 2-times book.
Is jumia technologies a good company?
Jumia has had product quality issues, undermining the satisfaction of its customers. And Jumia’s customers tend not to return to the website as much as Amazon’s customers continue to utilize its website.
Is Jumia a registered company?
The company is registered in Germany, headquartered in Dubai and has its team of developers in Portugal. The hashtag #JumiaIsNotAfrican became popular on social media and the company has struggled to shake off this stain on its image. By the end of 2018, Jumia had 4-million active consumers on its platform.
Is Jumia better than Konga?
Verdict: Jumia is rated higher than Konga in terms of global internet engagement.
What percentage does Jumia take?
In line with the Federal Government’s directive on the Finance Act 2019, the Value Added Tax (VAT) applicable on goods and services offered by Jumia would be increased from 5% to 7.5% effective on the 1st of February 2020.