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Jumia Technologies (JMIA)

Jumia Technologies (JMIA)

Jumia Technologies AG is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. 

In the first quarter of 2021, Jumia Technologies AG had an EPS of $0.00, beating estimates by $0.45, while its revenue was $33.26 million, up 5.1% year over year but missing estimates by -$10.10 million. The company’s gross profit margin is 68.86%, and the stock has gained 394.12% in the past year.

In May, Jumia Technologies AG was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit’s WallStreetBets Forum. 

Like Apple Inc., Amazon.com, Inc., Alphabet Inc., and Facebook, Inc., Jumia Technologies AG is a good stock to invest in.

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Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money