Is jumia stock a buy ?

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.

Additionally, 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%.

Correspondingly, 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.

In this regard, 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.

Also know, 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.

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.

Is Nio a buy now?

Bottom line: Nio stock is not a buy right now.

How popular is Nio in China?

Shanghai-based Nio was founded in 2014 by William Li, a billionaire entrepreneur who got rich selling services to the auto industry. Nio currently sells three models and has a fourth on the way for early 2022. It’s delivered some 140,000 cars to customers in China and is expanding to Europe.

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 countries is Jumia in?

Currently, Lagos, Nigeria–based e-tailer Jumia is at the forefront of Africa’s e-commerce movement. The company has warehouses in 10 countries, including Nigeria, Kenya, Egypt, Tanzania, and the Ivory Coast, and offers thousands of items to a public eager to buy quality goods.

Why does wish stock drop?

What happened. Shares of e-commerce and logistics company ContextLogic ( WISH 1.33% ), commonly called Wish, plunged 16.6% in December, according to data provided by S&P Global Market Intelligence. The month started with an analyst downgrade, which caused the stock to fall.

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.

Is Jumia better than Konga?

Verdict: Jumia is rated higher than Konga in terms of global internet engagement.

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