|Bid||7.20 x 900|
|Ask||7.21 x 3200|
|Day's Range||7.00 - 8.26|
|52 Week Range||5.92 - 49.77|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.30|
NEW YORK, Oct. 16, 2019 -- Wall Street Reporter, the trusted name in financial news since 1843, has recently published published CEO Interviews, and conference presentation.
NEW YORK , Oct. 8, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) has been investigating claims on behalf of investors who purchased American Depository Shares of Jumia Technologies ...
(Bloomberg) -- Early investors in Jumia Technologies AG including MTN Group Ltd. and Goldman Sachs Group Inc. face a stark choice: Cash out or stick with the Africa-focused e-commerce group after a troubled six months.MTN, Africa’s biggest wireless carrier, led investors backing the Berlin-based company ahead of an initial public offering in New York in April. German startup incubator Rocket Internet SE, French drinks maker Pernod Ricard SA, Goldman and Mastercard Inc. also bought stakes. All are likely to have been prevented from selling stock for 180 days, according to a lock-in clause that expires on Wednesday.While investors initially jumped at the chance to back the so-called Amazon of Africa, a damaging short-seller’s report by Citron Research turned sentiment. The shares are now down almost 50% from its listing price.That means the lockup expiry may not have much of an impact on the share price, according to Nirgunan Tiruchelvam, an analyst at Tellimer Markets, who initiated on the stock with a ‘radical sell’ in July this year. “The investors are carrying massive losses from the IPO. I don’t see many of them heading for the door,” he said.MTN, the biggest investor in Jumia, had planned to sell its stake after the six-month lock-up in an effort to scale back on e-commerce investments, people familiar with the matter said in April, before Citron released its report. The Johannesburg-based company will give an update alongside a trading statement on Oct. 31, a spokeswoman said.The Citron report labeled Jumia “the worst abuse of the IPO system since the Chinese RTO fraud boom almost a decade ago” and “an obvious fraud.”Other concerns include the burning of cash, a high level of failed deliveries and improper transactions at its Nigeria business, while co-founder and Chief Executive Officer Sacha Poignonnec has said losses will continue until 2022.With the equity lockup expiring, analysts are looking for reassurance. “We expect the company to deplete its cash balance in about 2-3 years,” said Tiruchelvam. The company needs to show conviction on corporate governance concerns, fraud revelations and the pathway to cash flow profitability, he said.Jumia declined to comment. The shares fell a further 9.3% to $7.58 as of 11.13 a.m. in New York, in a market spooked by trade tensions between the U.S. and China.\--With assistance from Crystal Kim and Loni Prinsloo.To contact the reporter on this story: Anisha Sircar in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, John Bowker, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In the stock market, risk and reward are correlated. That is, across all financial markets, the maxim is that as risk goes up, so does reward. Because of this, you won't find many low-risk stocks with multi-bagger potential. Instead, all the stocks with multi-bagger potential are often also accompanied with big risks.Thus, if you're looking for a multi-bagger stock that could rise 200% or more, it's safe to say that you are looking at stocks with big risk profiles.The key in picking winners in this group is to identify the stocks that are more likely to go boom than bust. That is, find the stocks where the upside is compelling enough -- and the probability of the stock realizing that upside is high enough -- to more than compensate for the risks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Triple-'F' Rated Stocks to Leave on the Shelf Don't have the time to do all that analysis across hundreds of small cap stocks? No worries. I've done some of that leg work for you. Without further ado, then, let's take a look at 5 small cap stocks that could soar 200% or more over the next five years. Plug Power (PLUG)Source: Shutterstock Current Price: $2.80Potential 2024 Price: $12Five Year Upside Potential: ~330%First up, we have hydrogen fuel cell maker Plug Power (NASDAQ:PLUG). Most infamous for its 99.9% decline from 2000 to 2019, PLUG stock actually now has all the ingredients of a potential multi-bagger over the next few years.Here's the logic. Hydrogen fuel cell technology has lagged electric battery technology in terms of alternative fuel adoption for several years. But hydrogen tech is starting to catch on. This is especially true in the commercial market, where large enterprises are starting to value the longer life and shorter re-charging times hydrogen fuel cells offer versus their electric battery counterparts. This is largely why Plug Power had reported 20%-plus revenue growth since 2016.Management expects this big growth to continue, driven by expansion of HFC adoption in core commercial markets. Specifically, management is pointing towards $1 billion in revenue by 2024, with $200 million in EBITDA. Is that possible? Yes, but unlikely. Nonetheless, if Plug Power does hit those aggressive targets, the numbers shake out for the company to net about $0.50 in EPS by 2024 and likely somewhere around $0.60 in EPS by 2025.Apply a growth stock average 20-times forward multiple to that $0.60 EPS base in 2025. That implies a 2024 price target of $12, which means that in an "everything goes right" scenario, PLUG stock could rally more than 300% from here over the next few years. Aphria (APHA)Source: Shutterstock Current Price: $6Potential 2024 Price: $24Five Year Upside Potential: ~300%Next up, we have small-cap Canadian cannabis producer Aphria (NASDAQ:APHA). Aphria is most famous on Wall Street as being the first Canadian cannabis company to strike a profit. But the company -- and stock -- could be so much more than that in the long run.Consider this. Most company and analyst estimates peg the global cannabis market as growing to $200 billion in annual revenues within the next 10 to 15 years. Let's call it 15 years. Thus, Aphria is at the epicenter of a market that will be $200 billion large in 15 years.Sure, Aphria isn't a big player in that market. But they have a unique and established value prop as the low cost, discount player in the market. That value prop has enduring demand. So long as Aphria maintains that value prop and dominates the discount cannabis niche, this company will forever command a respectable share in the cannabis market.Extrapolate it out. Maybe Aphria nets just 2% share in 15 years. In a $200 billion market, that equates to about $4 billion in revenue. The company already has sky high gross margins. They should pan out around 55% at scale, while big revenue growth will drive the opex rate down to a much more normal 30% in the long run. Therefore, with Aphria, we are talking about a company that within 15 years, could net 25% operating margins on $4 billion in revenue. * 8 Dividend Stocks to Buy for a Recession Net net, that combination makes $3.50 in EPS seem doable in 15 years. Based on a market average 16-times forward multiple, that implies a 14-year-forward price target for APHA stock of $56. Discounted back by 10% per year, that equates to a 5-year-forward price target of $24 -- about 300% above today's price tag. Jumia (JMIA)Source: Shutterstock Current Price: $10Potential 2024 Price: $30Five Year Upside Potential: ~200%The third stock on this list of potential multi-baggers is African e-commerce company Jumia (NYSE:JMIA).The bull thesis on JMIA stock is that Jumia turns into the JD.Com (NASDAQ:JD) of Africa. That is, with an internet penetration rate that is only 40% but rapidly rising, Africa appears positioned for a digital economic renaissance in the 2020s that will look very similar to China's digital economic renaissance of the 2010s, which birthed many multi-billion dollar companies, like Chinese e-commerce juggernaut JD.Here are the numbers. China will close the decade at 60% internet penetration, after starting the decade around 40% internet penetration. Let's say Africa follows a similar 40% to 60% internet penetration ramp in the 2020s. At the same time, Africa projects to have the fastest growing population in the 2020s, and that population skews young. The implication? Of the 1.7 billion people that are projected to be in Africa by 2030, around 1 billion will be on the internet, and those 1 billion will largely skew young and therefore be highly engaged in the digital channel.Let's say Jumia controls just 10% of that market, for 100 million active buyers Let's also say that those buyers spend a very pedestrian $400 per year on Jumia, versus the thousands per year consumers spend on Amazon (NASDAQ:AMZN). That would give Jumia a $40 billion gross merchandise value by 2030, which with a historically average 15% take rate, equates to $6 billion in revenue.Further assuming Amazon-like 5% operating margins, that should flow into $300 million in operating profits, which should easily flow into $200 million-plus in net profits. Based on a growth stock average 20-times forward earnings multiple, that implies a $4 billion valuation by 2029. On 80 million shares, you are talking a $50 price target by 2029. Using a 10% discount rate, that equates to a $30 price target by 2024. New Age Beverages (NBEV)Source: Toshio Chan / Shutterstock.com Current Price: $3Potential 2024 Price: $15Five Year Upside Potential: ~400%The fourth stock on this list of potential small-cap multi-baggers is healthy beverage company New Age Beverages (NASDAQ:NBEV).New Age Beverages is trying to be the world's leading healthy beverage company. It hasn't worked out so far. Just look at NBEV stock over the past year. The chart isn't pretty. But thanks to a series of acquisitions, New Age Beverages has finally equipped itself with a respectable portfolio of healthy beverages that appear to be on the up and up, including Marley, Coco-Libre, Bucha Live Kombucha, Evian water and Illy coffee. New Age Beverages has consequently reported very healthy mid to high single digit organic sales growth so far in 2019.I don't see secular health awareness trends going anywhere anytime soon. These trends should create a rising tide which will lift most boats in the healthy beverage market, including New Age's healthy drinks. Further adding firepower to the top-line will be New Age's push into CBD-infused beverages in the very big U.S. cannabis market.Big picture -- the stars have aligned for New Age Beverages to report steady low double digit revenue growth over the next few years. Alongside that healthy revenue growth, margins will move higher because of positive operating leverage and gross margin expansion from a push into higher margin products. Assuming double-digit revenue growth and margin expansion, EPS here should reach around $0.75 by 2025. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Throwing a consumer discretionary sector average 20-times forward multiple on that $0.75 EPS target, we arrive at a 2024 price target for NBEV stock of $15. That is five-fold the current price tag on the stock. NIO (NIO)Source: xiaorui / Shutterstock.com Current Price: $3Potential 2024 Price: $14Five Year Upside Potential: ~370%Last, but not least, on this list of potential breakout small-cap stocks is Chinese luxury electric vehicle maker NIO (NASDAQ:NIO).Often called the Tesla (NASDAQ:TSLA) of China, NIO hasn't quite lived up to that reputation. Say what you will about Tesla, but from day one, the company's delivery volumes have been on the up and up, and the company has consistently grown reach, deliveries and revenues over a multi-year period.The same has not been true over at NIO. NIO started delivering luxury electric vehicles about a year ago. They company started off red hot, delivering 3,600 vehicles in 3Q18 and nearly 8,000 cars in 4Q18. But the growth narrative has come undone in 2019 amid a massive slowdown in China's auto market, and NIO's quarterly delivery volumes are at 3,500 today… and rapidly dropping.In the big picture, there are simply way too many EV companies in China, and as the market cools, it is consolidating around a few players. The implication is that most Chinese EV companies will go bust, and a few will go boom. Probabilities say NIO goes bust, hence the $3 price tag for NIO stock. But given that this company has crafted a niche for itself in the luxury market, there is a possibility NIO goes boom.Let's say it does go boom. I think China's auto market hits 30 million cars by 2030 and that 25% of those will be EVs -- so about 7.5 million EVs. NIO can maybe control 5% of the market, implying around 375,000 annual deliveries. Assuming a $50,000 ASP and auto average 10% operating margins, I think that production volume easily flows into about $1.40 in EPS by 2030.Assuming a market average 16-times forward earnings multiple, $1.40 in 2030 projected EPS should produce a 2029 price target of over $22. Discounted back by 10% per year, that equates to a 2024 price target for NIO stock of roughly $14 -- almost 400% above today's price tag.As of this writing, Luke Lango was long APHA, JD, AMZN and TSLA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post 5 Small Cap Stocks That Could Soar 200% appeared first on InvestorPlace.
(Bloomberg) -- Faulty payment systems, patchy phone-network coverage, parking woes and unreliable customers: Just a day in the life of a typical delivery driver for Jumia Technologies AG in Lagos.The company dubbed ‘Africa’s Amazon’ employs about 700 people in Nigeria to deliver goods including laptops, jewelry and high-heeled shoes to customers in offices, factories, and even bus stops around towns including the country’s sprawling commercial capital. The process can be a chaotic affair, and much can go wrong.“I am happy when I don’t have any point-of-sale issue or problems on my phone, because sometimes the network is poor,” Umoru Yusuf, a Jumia driver, said as he clutched the wheel of his branded gray van. “Sometimes, about 10 customers can call to say they are no longer interested in purchasing an item, so they cancel their orders.”It’s easy to see why Jumia’s investors have a concern over the company’s high level of failed deliveries across its 14 countries -- some 40%, including cancellations and returns -- and question the viability of ordering goods online and having them delivered in major African cities. The skepticism is evident in the share price, down about 25% since its high-profile initial public offering in New York in April.During a four-hour journey with the 39-year-old Yusuf between 10 a.m. and 2 p.m. on Sept. 9, packages were delivered to eight customers, including workers at the local operations of drinks giant Coca-Cola Co. and chocolate maker Cadbury Nigeria Plc. Locating recipients was one problem -- involving an average 15-minute wait and multiple phone calls -- and that was before the mobile-payment system stopped working.Bank RunWhen that happened, Yusuf had to drive a customer to an ATM to withdraw about 140,000 naira ($386) in cash. That increases the safety risk, as drivers have to count large wads of notes in public spaces. Sometimes, he just gives up and goes back to HQ.Jumia’s main solution to the issue is the development of Jumia Pay, a more reliable mobile-payment platform that can be used to transfer funds up front. “Up to 75% of our business in Africa is pay on delivery and 25% is pre-paid,” Tolulope George-Yanwah, services country manager for Nigeria, said in an interview. The latter number should “improve month-on-month due to Jumia Pay -- a lot of people are adopting it,” she said.Founded by former McKinsey & Co. consultants Sacha Poignonnec and Jeremy Hodora in 2012, Jumia has grown a customer base to more than 4.8 million people across 14 African countries. The company’s widening losses to 66.7 million euros in the second quarter have contributed to the share-price weakness, as has a damning analyst report by short seller specialist Citron, which highlighted the cancellation levels among other warning signs.‘Negative Picture’Citron took “some of the risk factors that we have volunteered in our prospectus and just tried to paint a negative picture,” Chief Executive Officer Poignonnec said in an interview. “The best thing we can do is to continue to execute our strategy and show that we are a very good company and we deliver very good results.”Another issue for the CEO to address is corruption. Jumia said last month it identified improper transactions involving a team of Nigerian sales consultants called J-Force that amounted to as much as 4% of first-quarter sales.“If there is a fraud case, it’s our job to identify it, solve it, and create a remediation plan so that it does not happen again,” the CEO said.For driver Yusuf, the main priority is to successfully deliver the items to recipients, as that is the measure that decides his pay. Customers who don’t meet him or change their mind about their purchase directly impact his salary.“It is when I deliver I get paid,” he said. “I can’t be happy when I return items.”\--With assistance from Loni Prinsloo.To contact the reporter on this story: Tope Alake in Lagos at firstname.lastname@example.orgTo contact the editors responsible for this story: John Bowker at email@example.com, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
DHL has expanded its DHL Africa eShop business to 13 additional markets,upping the presence of the global shipping company’s e-commerce platform to 34African countries
When Jumia went public, investors rushed to participate in this African tech IPO. Shortly after, a report on fraud allegations damaged the company’s brand. Can Jumia earn back its title as the Amazon of Africa?
Wall Street analysts don't always get it right. After all, behind the Wall Street allure, they are just people -- like you and me -- doing their best to predict future stock prices, which is, for what it's worth, one of the harder things to predict in the world.Still, investors would be wise to listen to Wall Street analysts. Don't treat their recommendations like a crystal ball. Instead, take them with a grain of salt. But, still take them, because these are smart people with a lot of resources who are doing their best to get it right.Investors should listen in particular when Wall Street analysts are either super bullish -- or super bearish -- on a stock, because this indicates that a group of trained and equipped individuals are screaming "Buy" or "Sell". In this article, we will focus on the former.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpecifically, we are going to take a look at seven stocks that Wall Street analysts think can rally 50% or more over the next 12 months. Specifically, we'll look at stocks that have a consensus sell-side, forward 12-month price target that is 50% or more above the current stock price. * 10 Companies Using AI to Grow Will all these stocks rally 50% or more over the next 12 months? No. But some could, which would make them some of the best stocks to invest in now. And that alone makes the group worth looking at. Wall Street's Best Stocks With 50%-Plus Upside: AMC Entertainment (AMC)Source: Helen89 / Shutterstock.com Price Target (according YCharts): ~$16.50Current Price: ~$11Implied Upside: Roughly 50%One beaten up stock which Wall Street is particularly optimistic about is AMC Entertainment (NYSE:AMC).AMC stock has been beaten and bruised in 2019, as shares have tumbled more than 40% over the past 52 weeks to what are essentially all-time lows. The culprit? A sluggish first half 2019 box office, which reinvigorated fears that the movie theater business is a dying one, and that AMC is a dying company.But, the box office has picked up steam in July and August -- thanks mostly to the latest Spider-Man movie -- and most industry insiders and analysts project this newfound strength to persist into the back-half of 2019, led by a new Frozen movie and a new Star Wars movie. That's why analysts haven't thrown in the towel just, and have a $16.50 consensus price target on the stock -- roughly 50% above where the stock trades today.The thesis? As the box office rebounds in the back-half of 2019, investors will realize that movie theater apocalypse fears were overstated. They will rush back into AMC stock, pushed by the fact that the stock is trading at a huge discount to its average valuation. This rush will cause AMC stock to fly higher.I 100% agree. As such, I think Wall Street has it right here. Buy AMC stock before the second half rebound. Uber (UBER)Source: NYCStock / Shutterstock.com Price Target: ~$52Current Price: ~$33Implied Upside: Nearly 60%Another beaten up stock that Wall Street is still highly optimistic on is Uber (NYSE:UBER).The ride-share giant has had an awful time as a public company. The IPO was a dud, with UBER stock closing below its $45 IPO price in its first day of trading. Not a good start. The stock has since spent very little time above that IPO price, and following a bad earnings report in early August, has dropped all the way to $33.That's a long way from $45. But, analysts are still broadly optimistic, with a $50-plus consensus price target on the stock, representing nearly 60% upside from today's level.The thesis? Near-term weakness is noise. In the big picture, the ride-sharing market projects to be huge, and Uber projects as the leader in that market given its liquidity network advantage -- more drivers equals more riders, which equals more drivers. That market will rationalize as its matures -- as most markets do -- and Uber's promotional activity will ease up, creating runway for gross margins to move higher. Big revenue growth will concurrently drive positive operating leverage. Operating margins, therefore, have visibility to be sizable one day. As do revenues. That combination implies big profits at scale, which aren't priced in today. * The 10 Biggest Winners From Second-Quarter Earnings Again, I 100% agree with that thesis. Uber is a long-term growth company going through some growing pains right now. The big picture fundamentals remain healthy, and in the long run, this company (and the stock) will do very well. Jumia (JMIA)Source: Christopher Penler / Shutterstock.com Price Target: ~$25.50Current Price: ~$12Implied Upside: Over 100%Yet another beaten and bruised stock that Wall Street hasn't give up hope on is Jumia (NASDAQ:JMIA).Jumia is a rapidly growing African e-commerce platform. From that alone, the bull thesis is very simple. Africa is the last great frontier of the global technology revolution, with an internet penetration rate below 40% (the rest of the world is above 60%). But, over the next decade, the global technology revolution will sweep through this last frontier, sparked by more widespread and affordable internet access, cheaper smartphones and private and public investment into the space. This revolution will dramatically grow and expand Africa's digital economy, of which e-commerce is one of the biggest components.Jumia is at the epicenter of Africa's e-commerce market, with over $1 billion in GMV and nearly 5 million active buyers across multiple countries. As such, the bull thesis is that as Africa's e-commerce market surges over the next several years, so will Jumia -- with the end result being that Jumia turns into the Alibaba (NYSE:BABA) or JD.Com (NASDAQ:JD) of Africa. Those are $40 billion-plus companies. Jumia has a market cap of under $1 billion. Thus, the long-term upside potential is compelling.But, there are a bunch of red flags here. Specifically, short-seller Citron has claimed that the company's numbers are fake -- they book fake orders, book cancelled orders (which account for a large volume of total orders), rarely ever deliver an actual package and dramatically overstate GMV, among other things. The evidence is hard to refute here. That's why investors have listened with both ears, and why JMIA stock has tumbled from $50 to $10 over the past few months.Analysts think it will rebound. I think it could. But, I also think that before it rebounds, management has to more appropriately address the fraud allegations. Until they do, I'm unconvinced that JMIA stock can stage a big rebound. Stitch Fix (SFIX)Source: Sharaf Maksumov / Shutterstock.com Price Target: ~$36Current Price: ~$19Implied Upside: About 90%Investors seem to have thrown in the towel on online personal styling service Stitch Fix (NASDAQ:SFIX). Wall Street hasn't.The bull thesis is pretty simple. Stitch Fix saves money and enhances consumer convenience. On the consumer convenience front, Stitch Fix makes it so consumers don't have to worry about what to wear, or how to find the clothes they want to wear. Stitch Fix does all the styling for you, and sends the clothes to your front door. On the saving money front, Stitch Fix does all of that for just $20 per month, and that fee is mostly for the personal styling. The clothes are essentially "free" -- you don't have to buy any of the clothes Stitch Fix sends you. Instead, you buy what you like, and send back the rest.Seems like a solid value prop. Consumers should fall in love with that service, and as they do, Stitch Fix will disrupt the entire retail landscape, which will result in huge revenue and profit growth, the likes of which will power SFIX stock higher.That's what analysts think. They have a $36 price target on SFIX stock -- 90% above today's price tag.But, the bear thesis here shouldn't go unnoticed. It can be summed up in a few words: people don't care that much about what they wear. Most consumers won't find an extra $20 a month to shuffle out to personal styling, and those who do amount to a small group, of which Stitch Fix is already dominating. Thus, where does the growth come from? * The 10 Biggest Winners From Second-Quarter Earnings I don't buy this bear thesis, yet, at least. Stitch Fix has 3.1 million active clients. There are about 340 million people in the U.S. Thus, Stitch Fix is at less than 1% penetration. That's too low. In my personal circle, I can think of more than one in a hundred people who would pay for Stitch Fix. Consequently, I don't think this growth narrative is over -- on the contrary, it may just be getting started. Canopy Growth (CGC)Source: Shutterstock Price Target: ~$45Current Price: ~$25Implied Upside: About 80%Pot stocks have been killed over the past few months by a slew of bad news across the industry. Cannabis industry leader Canopy Growth (NYSE:CGC) has been no exception to this trend. Instead, it has been hit the worst. But, analysts remain largely optimistic about the company's long-term growth prospects.Once upon a time, CGC was a $50 stock with a bunch of promise. Canopy dominated the Canadian cannabis market without challenge. The CEO was promising $1 billion in revenue soon. They had announced their intention to explode onto the U.S. cannabis scene with the acquisition of Acreage (once cannabis became federally legal).That was several months ago. Today, the story is much different. Canopy has reported disappointing quarters back-to-back, which in sum paint a picture of a cannabis giant losing its lead. The CEO who promised $1 billion in revenue was canned and that $1 billion target looks more elusive than ever now. All has gone quiet on the U.S. front. CGC stock has consequently been cut in half, dropping from $50 to $25.Analysts are advising investors to mostly look at the big picture here. Canopy is in the first inning of a long-term growth narrative. A lot of what happens today will amount to nothing more than noise in a decade. As such, investors should pay attention to the core long-term growth fundamentals. Those remain broadly healthy. Cannabis still projects to be a huge market, Canopy still has the biggest balance sheet in the industry, they are still the sales leader, they still have the biggest production capacity, and they are still backed by a global alcoholic beverage giant.Net net, analysts think that Canopy still projects as the leader in what will amount to a massive global cannabis market in a decade. I agree. That's why I think recent weakness in CGC stock is a long-term opportunity. Groupon (GRPN)Source: Ken Wolter / Shutterstock.com Price Target: ~$3.75Current Price: ~$2.25Implied Upside: Over 65%The only penny stock that found its way on this list is discount platform Groupon (NASDAQ:GRPN).Groupon wasn't always a penny stock. Earlier this decade, GRPN stock was trading hands above $20. But, it has since plunged into penny stock territory because the online discounts market has proven more niche than investors originally thought. That is, in a world where companies often run their own discounts on their own websites, a third-party discount code aggregator isn't all that important.That's why Groupon's active user base has shrunk -- not grown -- over the past several quarters. Revenues have dropped. So have profits. As has GRPN stock.Analysts think a rebound is coming, with a consensus sell-side price target that stands over 65% above the current GRPN stock price. That's because Groupon is pushing forward on a local-focused and mobile-driven growth strategy that has potential to reinvigorate growth and stabilize margins. * 7 Stocks the Insiders Are Buying on Sale This strategy may work. But, because Groupon has been a losing stock for so long, investors won't believe it until they see it. Right now, investors can't see it (last quarter's numbers were bad). As such, for the foreseeable future, I don't see GRPN stock rebounding in a big way. Skechers (SKX)Source: ThamKC / Shutterstock.com Price Target: ~$43Current Price: ~$28Implied Upside: Over 50%Last, but not least, on this list of stocks which Wall Street thinks can rally 50% or more is athletic footwear brand Skechers (NYSE:SKX).SKX stock soared to $40 in late July after the company reported very strong second-quarter numbers that included robust revenue growth, strong margin expansion, big profit growth and a healthy third-quarter guide. But the stock has since given up all of those gains -- and then some -- because of escalating trade tensions, of which Skechers finds itself at the epicenter due to its global growth narrative.Analysts think this trade war selloff is over done, with a $43 price target on the stock -- 50% above today's price tag. I agree with these bullish analysts.Skechers is a great company that dominates the mid-price niche in the global athletic apparel market. This great company is firing on all cylinders right now, because the company is doubling down on its vastly under-penetrated international opportunity. Revenues are running higher. Margins are expanding. Profit growth is as big as it has been in a long time.And yet, SKX stock trades at a depressed 13-times forward earnings. That's too cheap for this double-digit revenue grower with upside margin drivers. As such, once trade tensions ease -- and they are already starting to -- SKX stock should soar in a big way.As of this writing, Luke Lango was long AMC, UBER, BABA, JD, SFIX, CGC and SKX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 7 Stocks That Wall Street Thinks Could Rise 50% Or More appeared first on InvestorPlace.
With its core e-commerce business still racking up losses, Jumia is looking to its payments app for long-term revenue boosts.
NEW YORK, NY / ACCESSWIRE / August 21, 2019, 2018 / Jumia Technologies AG (NYSE: JMIA ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 21, 2019 at ...
(Bloomberg) -- Jumia Technologies AG’s plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: A lack of formal addresses for deliveries.That may be about to change due to an agreement with Vivo Energy Plc, the London-listed owner of more than 2,100 Shell and Engen-branded service stations across the continent. Under the terms of the deal, the sites will be used as pick-up points for Jumia-bought goods and customers will be able to pay for them at the same time as buying gas.“We are constantly looking at how we can further adapt our technology to be a part of the local infrastructure and become more accessible to more customers,” said Boris Gbahoue, a marketing vice-president at Jumia. “The partnership with Vivo will enable Jumia to conveniently deliver products to current and new customers, including in remote areas.”Jumia, often referred to as Africa’s Amazon, was founded by French entrepreneurs Sacha Poignonnec and Jeremy Hodara in 2012 and now has more than 4 million customers. Operating in Nigeria and 13 other African markets, the Berlin-based company has to overcome challenges such as a lack of internet penetration, mapping and customers without bank accounts. For Vivo, the deal brings an opportunity to further expand its fast-growing non-fuels business.Both companies have sold shares in international markets over the past 18 months. Jumia has gained 35% since an initial public offering in New York in April and is worth $1.5 billion, while Vivo listed in London a year earlier and is worth about $1.9 billion.Their partnership will initially be rolled out in Kenya, Morocco, Senegal and Ivory Coast.To contact the reporter on this story: Loni Prinsloo in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, John Bowker, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders ...