Jumia Technologies AG (JMIA, Financial) witnessed a notable stock price increase of 5.03%. The stock is currently trading at $5.43 per share with a trading volume of 2.20168 million shares, a turnover rate of 1.80%, and a volatility of 8.51%. Recent financial reports indicate that JMIA recorded a revenue of $36.47 million and a net loss of $22.00 million, translating to an EPS of -$0.22. The gross profit stood at $19.34 million, with a P/E ratio of -5.31. All participating institutions unanimously recommend ...

Jumia Technologies (JMIA) closed the most recent trading day at $5.30, moving +1.73% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.13% for the day. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.39%. The the stock of company has risen by 8.54% in the past month, leading the Retail-Wholesale sector's gain of 6.55% and the S&P 500's gain of 2.43%. The upcoming earnings release of Jumia Technologies will be of great int ...

I am Buy-rated on Jumia Technologies (NYSE: JMIA ). Even after the recent high volatility downtrend following the release of the second quarter of 2024. The stock lost from USD 10.87 to the current USD 4.43, I maintain a bullish view First Principles Partners is an equity research analyst specializing in technology, innovation, and sustainability investment. My unique approach, "First Principles," involves breaking down complex problems to their most basic elements in terms of financial and technology, enab ...

Delmaine Donson A Secondary Accompanied By A Primal Panic Investing in the future of Africa is not for the faint of heart. Despite reporting on-trend financial results and reaffirming guidance for the year, African e-commerce company Jumia Technologies (NYSE:JMIA) suffered a massive 53.8% post-earnings loss. This collapse came on the heels of a 5-month rally that saw JMIA increase nearly 5x after an earnings report that delivered proof-positive of a turn-around for the company. Now, the company faces one of ...

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market. Given Jumia's share price of around $5.70 when the stock market opened on Tuesday, the e-commerce company could potentially raise approximately $100 million through its new share offering. However, the final amount will depend on the share price, which has since dropped to $4.90 ...

Morsa Images Jumia Technologies Overview My initial bearish thesis about Jumia Technologies AG (NYSE:JMIA) did not age well as the stock rallied by almost 82% over the last 12 months even despite today's massive around 50% intraday plunge after weak earnings release. The massive rally in 2024 is explained by robust Q1 2024 earnings, but it appears that today's earnings release notably cooled investors' optimism. The Q2 performance was indeed weak with negative dynamics across most of the vital business and ...

Group 1 - Jumia Technologies reported second quarter 2024 earnings with revenue of $36.5 million, falling short of Wall Street's estimate of $41.7 million and down 17.2% year-over-year from $44 million [1][2] - The company's marketplace revenue decreased by 10% year-over-year to $20 million, while First-Party sales revenue dropped 24% year-over-year to $16.1 million [2] - Despite the revenue decline, CEO Francis Dufay highlighted a 55% reduction in quarterly cash burn, down to $8.7 million, attributed to disciplined cost management and a 19% decrease in marketing spend year-over-year [3] Group 2 - Jumia Technologies maintains its 2024 outlook, expecting further reductions in cash utilization and increases in orders and Gross Merchandise Value (GMV) for the year [3] - As of Tuesday morning, JMIA stock is down 47.9% but has increased by 62.5% since the beginning of the year [4]

Company Presentation Q2 2024 Results Presentation August 6, 2024 Disclaimer IMPORTANT NOTICE This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, in ...

Jumia Technologies (JMIA) ended the recent trading session at $12.16, demonstrating a -0.57% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. Elsewhere, the Dow saw an upswing of 0.5%, while the tech-heavy Nasdaq depreciated by 1.28%. For the full year, the Zacks Consensus Estimates project earnings of -$0.25 per share and a revenue of $208.18 million, demonstrating changes of +74.49% and +4.57%, respectively, from the preceding ...

The upcoming earnings release of Jumia Technologies will be of great interest to investors. The company's earnings report is expected on August 6, 2024. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average ...