Is jumia a good stock ?

Jumia’s business is stabilizing, but its mediocre growth rates and massive losses make it a risky stock to own as rising interest rates and geopolitical headwinds pummel the market.

Correspondingly, 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.

In this regard, 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%.

Similarly, 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.

Moreover, 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.Jumia is a Pan-African technology company that is built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while the payment services facilitate the payments of online transactions within Jumia‘s ecosystem.

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 …

How can I buy shares in Jumia?

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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.

Who are Jumia competitors?

  1. Souq — owned by Amazon — is leading in the Egyptian market.
  2. Jiji — with over 8 million monthly active users, Jiji is a strong competitor in Nigeria.
  3. 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.

Is Jumia black owned?

The IPO creates another milestone for Jumia. The company in 2016 became the first African startup unicorn, achieving a $1 billion valuation after a funding round that included Goldman Sachs, AXA and MTN. There’s a lot to break down on Jumia’s going public.

Is Jumia a unicorn?

These $1 billion+ companies—typically referred to as unicorns—are Flutterwave, Interswitch, and Fawry in fintech, and Jumia in e-commerce.

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 a multinational company?

In fact, they succeed because they have built a multinational network of expertise, skills, shared technology and learning. In any case, Jumia’s market is Africa-focused. The company has grown like wildfire ever since it got going.

When did Jumia start Kenya?

Jumia, Kenya’s no. 1 online retailer was established in May 2013 with the aim and vision to become the one-stop shop for retail in Kenya with implementation of best practices both online and offline.

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