Question: How high will jumia go ?

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.

Beside above, why is jumia dropping? 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%.

Subsequently, 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.

As many you asked, 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 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 JMIA a long-term hold?

JMIA stock has solid long-term potential as a proxy for the African growth story. This is true regardless of the outcome of the company’s Q3 2021 results.

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.

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.

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.

What will Nio be worth?

That would put Nio’s value at $50 billion for 2022 (i.e., $10 billion times 5x P/S.) This is still 67.2% higher than its $29.9 billion market value as of March 9. That implies NIO stock could be worth as much as $33.72 based on yesterday’s price.

Is Jumia better than Konga?

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

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.

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.

How many customers does Jumia have?

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. The platform is available to customers in several African countries.

Did Cathie Woods buy NIO?

As NIO fell, it welcomed a much-anticipated buy-the-dip player – Cathie Wood. ARK Invest, managed by one of the best-known investors in the US, bought 420,057 shares of NIO through its ARK Autonomous Tech.

Back to top button

Adblock Detected

Please disable your ad blocker to be able to view the page content. For an independent site with free content, it's literally a matter of life and death to have ads. Thank you for your understanding! Thanks