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Why Is Jumia (JMIA) Stock Up 30% Today?
Investor Place· 2024-07-09 19:48
According to a Seeking Alpha report, Benchmark analysts led by Fawne Jiang stated that Jumia is in a favorable position to capture the "unmet pent-up demand" in the African e-commerce sector. Because the Berlin, Germany-based enterprise is a leader in the continent's online commerce arena, it stands poised to benefit from the underlying demographic transition. This dynamic could spark multiyear and potentially even multi-decade growth. To be fair, the latest assessment of JMIA stock is somewhat contrarian. ...
Why Jumia Technologies Stock Soared 30% on Tuesday
The Motley Fool· 2024-07-09 18:59
Introducing Jumia Technologies Is Jumia stock a buy? Ready to invest in African e-commerce? This stock could be your best bet. Writing in StreetInsider.com this morning, Benchmark's Fawne Jiang says that thanks to a demographic explosion in Africa, Jumia is "poised to benefit" from "multi-year and potentially multi-decade e-commerce growth." Africa, argues the analyst, is a market both "vast" and "underserved," and Jumia is offering "tailormade ... logistics and payment services" to help expand e-commerce o ...
Jumia Stock Nabs 2-Year High on New 'Buy' Rating
Schaeffers Investment Research· 2024-07-09 18:31
JMIA is up 29.8% to trade at $10.98 at last check, pacing for its best day since February after earlier surging to a two-year high of $11.20. The shares staged a bounce off the $7 region, which coincides with support from the 40-day moving average, and conquered their June peak. So far this year, the equity has added 212.2%. Today's bullish coverage is moving the needle, though. So far today, 33,000 calls and 13,000 puts have exchanged hands, which is triple the intraday average volume. Most active is the w ...
Jumia Technologies (JMIA) Flat As Market Gains: What You Should Know
ZACKS· 2024-07-08 23:21
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The most recent trading session ended with Jumia Technologies (JMIA) standing at $8.46, reflecting no shift from the previouse trading day's closing. This change lagged the S&P 500's 0.1% gain on the day. Elsewhere, the Dow saw a downswing of 0.08%, ...
Jumia Technologies (JMIA) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-06-26 23:20
Prior to today's trading, shares of the company had gained 15.06% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.04% and the S&P 500's gain of 3.22% in that time. It's also important for investors to be aware of any recent modifications to analyst estimates for Jumia Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability ...
Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-06-20 14:45
Jumia Technologies is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Over the past three months, the Zacks Consensus Estimate for JMIA's full-year earnings has moved 26.5% higher. This shows that analyst sentiment has improved and the company ...
Kenya Ecommerce Market Databook 2024-2028, Featuring Avechi, Jiji, Jumia, Kilimall, MyDawa, Bolt Food, Jumia Food, LetaFood, Yum Deliveries, Hava Net, Little Cab, Maramoja and Transport Wasili
GlobeNewswire News Room· 2024-06-07 07:41
Kenya Ecommerce Consumer Demographics Market Share by Age Group Market Share by Income Level Market Share by Gender For more information about this report visit https://www.researchandmarkets.com/r/7o59sr Website Based Live Streaming Cross Border Domestic Kenya Ecommerce Market Size and Forecast by Device (Gross Merchandise Value Trend Analysis Mobile Desktop Kenya Ecommerce Market Size and Forecast by Operating System Tier 1 Tier 2 Tier 3 Kenya Ecommerce Market Size and Forecast by Payment Instrument (Gros ...
Has Jumia Technologies (JMIA) Outpaced Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-06-04 14:45
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Jumia Technologies (JMIA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Jumia Technologies is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #1 ...
3 Cheap E-Commerce Stocks to Buy Now: May 2024
InvestorPlace· 2024-05-15 12:04
Cheap E-Commerce Stocks: Pinterest (PINS) Source: Nopparat Khokthong / Shutterstock.com Social media giant Pinterest (NYSE:PINS) is arguably one of the most compelling comeback stories in its niche. After a rocky couple of years, the platform's now back posting solid user growth and top-line expansion. Moreover, we're seeing healthy margin improvements, which could potentially lead to a meaningful increase in free cash flows in the upcoming quarters. Additionally, despite an excellent run-up in PINS stock, ...
CEO Insights: Jumia Technologies' Strategy For Efficient Growth Continues To Deliver
Seeking Alpha· 2024-05-12 06:38
Hello World/DigitalVision via Getty Images Introduction Jumia Technologies AG (NYSE:JMIA) has experienced quite the roller coaster since I last interviewed CEO Francis Dufay about the company’s earnings. Over this short time, the stock nearly doubled, gave up all those gains and then some, and then rallied again into the latest earnings report. After an initial 17.9% post-earnings boost, JMIA is stretching toward its previous post-earnings high. JMIA has experienced wild volatility separate from its bus ...