Shares of Jumia Technologies ( JMIA -2.35% ) 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%.
Amazingly, is JMIA in Nasdaq? Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA) Pre-Market Quotes | Nasdaq.
Similarly, what is wrong with jumia? 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.
Additionally, 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.
As many you asked, 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.
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.
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How many Nigerians are using Jumia?
Nigerian e-commerce platform Jumia had 6.8 million active customers in the last quarter of 2020, up from 6.1 million LTM (last 12 months) active customers in the corresponding quarter of the previous year.
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.
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.
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.
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.
What is the meaning of Jumia?
Jumia is Arabic/Muslim girl name which means “Heaven; The Sun”.
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.