Why Jumia Stock Plummeted Today

Core Insights - Jumia's stock experienced a significant decline of 15.8% in a single trading day, despite being up 159% over the past year [1][5] - The company reported fourth-quarter sales of $61.4 million, which exceeded Wall Street's expectations, but also posted a larger-than-expected loss of $0.08 per share [2][3] Financial Performance - Revenue growth for Jumia was 34.4% year over year, surpassing the average analyst estimate of approximately $60.66 million [3] - The loss per share of $0.08 was higher than the anticipated loss of $0.05 per share [3] Market Position - Jumia's current market capitalization stands at approximately $1.27 billion, with a valuation of about 5.2 times this year's expected sales [5] - The company's gross margin is reported at 48.15% [4]