JMIA - Jumia Technologies AG

NYSE - NYSE Delayed Price. Currency in USD
2.8500
-0.1900 (-6.25%)
At close: 4:02PM EDT

2.8500 0.00 (0.00%)
After hours: 5:24PM EDT

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Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close3.0400
Open3.0900
Bid2.8000 x 3000
Ask2.8700 x 800
Day's Range2.7500 - 3.1196
52 Week Range2.1500 - 49.7700
Volume2,005,099
Avg. Volume2,876,296
Market Cap223.463M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateFeb 24, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.22
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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      Jumia Takes More Actions to Support the Fight Against COVID-19

      Africa’s leading e-commerce platform, Jumia, has announced a number of actions to support the fight against the COVID-19 pandemic.

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      Reuters

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      German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily fall since they listed last April on Wall Street. Rocket Internet, which had held an 11% stake in Jumia as of Nov. 8, sold its holding between then and the onset of the coronavirus crisis, Bettina Curtze, the firm's head of finance and investments, told journalists, declining to be more precise. Curtze declined to reveal what proceeds Rocket Internet made from the sale, but said they were included in the 2.1 billion euros ($2.30 billion) of net cash the company had as of March 31.

    • Jumia adapts Pan-African e-commerce network in response to COVID-19
      TechCrunch

      Jumia adapts Pan-African e-commerce network in response to COVID-19

      Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 African countries — announced a series of measures on Friday. Jumia will donate certified face masks to health ministries in Kenya, Ivory Coast, Morocco, Nigeria and Uganda, drawing on its supply networks outside Africa.

    • Business Wire

      Jumia Announces Actions to Support Governments’ Fight Against COVID-19 in Africa

      Africa’s leading e-Commerce platform, Jumia, has offered the support of its integrated ecosystem which includes a marketplace, logistics and online payments to governments in Africa, as part of the global action against COVID-19.

    • Business Wire

      Jumia and Reckitt Benckiser Partner to Provide Consumers Access to Hygiene Products in Africa

      Jumia (NYSE:JMIA), the leading e-commerce platform in Africa has today announced a major partnership with Reckitt Benckiser, the global health products manufacturer to help consumers access hygienic products at the lowest price.

    • Free Deliveries May Answer African Online Commerce Challenge
      Bloomberg

      Free Deliveries May Answer African Online Commerce Challenge

      (Bloomberg) -- In the three years since becoming an agent for mobile e-commerce company Copia Global Inc., Samuel Kihara has boosted revenue at his general store fivefold, opened a second shop, bought land and a truck and moved his children to private school.“The commissions I earn as a Copia agent have been my working capital,” Kihara, 48, said as he stood in green overalls at his small shop in Kawaida, a village 23 kilometers north of Kenya’s capital, Nairobi. “All this has been possible due to money from the business.”Copia takes mobile-phone orders for goods ranging from kitchen appliances to tinned food and delivers them to remote parts of Kenya within about two days at no extra cost. That’s when Kihara and about 6,000 other agents in the country come in. They own businesses such as a shop or hairdresser that Copia can use as a central delivery point -- and earn a commission on every order.Copia’s slogan, Maisha Rahisi, means ‘simple life’ in Swahili. The company, founded in 2013 by American social entrepreneurs Tracey Turner and Jonathan Lewis, is still making a loss. But its sales are growing at a rate of 15% a month in Kenya, a country whose citizens have been quick to take up mobile e-commerce services ranging from money transfers to digital-loans.“The model solves a number of issues in terms of merchandising that exist in rural areas on the continent,” said Future Advisory founder Herman Singh, a former executive at wireless giant MTN Group Ltd. and one-time board member of Africa’s biggest e-commerce business, Jumia Technologies AG. “The challenge is doing this at a profit. The models don’t compute unless you have huge scale on your side.”750 MillionWhile Copia currently serves just over a fifth of Kenya’s rural population, mostly in the center of the country, Tim Steel, its chief executive officer, has bigger ambitions. His target market is Africa’s 750-million middle and low income consumers, who spend $680 billion a year.Within 18 months Steel expects to have 18,000 agents, he said, and to have begun expanding into Uganda, Rwanda and Tanzania. He expects the company to turn a profit within two years, though he declined to give financial details.“We are able to deliver a package at one-sixth of the price than any other best in class e-commerce business in the world,” Steel said. We aggregate “multiple orders, rather than having a one-on-one delivery system that prices a lot of customers out.”That may give Copia an advantage over rival Africa-focused online retailers such as Jumia, which has been dubbed the continent’s version of Amazon. Founded by two Frenchmen in 2012, Jumia listed in the U.S. last year to great fanfare but is also yet to turn a profit, and the stock has slumped 71% since the initial public offering. It operates in 11 African countries from Morocco to Nigeria and Kenya.Malaicha.com, which allows groceries purchased in South Africa to be collected in Zimbabwe at a small number of collection points, operates a similar system to Copia, albeit on a much smaller scale.“The biggest problem of Africa is always the logistics,” said Christophe Meunier, a partner at telecommunications advisory firm Delta Partners. “It is likely to take time and financial resources to be able to build those routes that are under-served and not well established at scale.”Copia will need to access more finance if it is to proceed with its plans and is hopeful it can raise funding in the early part of 2021, though it isn’t yet considering a listing.“We will need further investment,” Steel said.Royal HelpCopia raised $26 million last year in a funding round led by LGT Lightstone, an impact investment company owned by Liechtenstein’s royal family. The company is currently owned by between 30 and 40 investors including LGT and DOB Equity, a fund based in the Netherlands, said Steel.“It is providing middle and low-income African consumers with access to quality goods at low prices,” LGT said in a response to questions. “Copia is leap-frogging retail.”So far it has been well received by Kenyan customers.“The savings are great, we are happy,” said John Kamau, a 55-year-old who drives a motorized rickshaw taxi in Githurai 45, on the outskirts of Nairobi. He uses Copia to send his mother feed for her dairy cows 140 kilometers away, saving her a journey of as much as six hours to the closest outlet. “She is happy.”(Adds location of Copia’s current operations in sixth paragraph)To contact the reporters on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net;Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.net;David Herbling in Nairobi at dherbling@bloomberg.netTo contact the editors responsible for this story: John McCorry at jmccorry@bloomberg.net, John Bowker, Karl MaierFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Analysts Have Lowered Expectations For Jumia Technologies AG After Its Latest Results
      Simply Wall St.

      Analysts Have Lowered Expectations For Jumia Technologies AG After Its Latest Results

      There's been a major selloff in Jumia Technologies AG (NYSE:JMIA) shares in the week since it released its yearly...

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      TechCrunch

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      Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha Poigonnec said. Jumia — with online goods and services verticals in 11 countries — posted 2019 revenues of €160 million, representing growth of 24% over 2018.

    • ACCESSWIRE

      Jumia Technologies AG to Host Earnings Call

      NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Jumia Technologies AG (NYSE:JMIA) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 25, 2020 at ...

    • Kenyan logistics startup Sendy raises $20M round backed by Toyota
      TechCrunch

      Kenyan logistics startup Sendy raises $20M round backed by Toyota

      Africa's logistics startup space has gained another multi-million-dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for goods delivery — has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota, also joined the round.

    • Reuters

      African unicorn Jumia looks to services, platforms to halt slide

      E-commerce unicorn Jumia Technologies, which last year became Africa's first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, one of its co-founders told Reuters. Jeremy Hodara said the company aims to capitalize on its payment platform and infrastructure network and to boost revenue from services for third-party sellers on its online marketplace. "We're going to be extremely disciplined and very focused on our path to profitability," Hodara told Reuters on Tuesday at the company's office in Lagos.

    • Estimating The Fair Value Of Jumia Technologies AG (NYSE:JMIA)
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    • 2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
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      2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

      2019 brought more global attention to Africa's tech scene than perhaps any previous year. Here’s an overview of the 2019 market events that captured attention and capped off a decade of rapid growth in African tech. The story of the year is the April IPO on the NYSE of Pan-African e-commerce company Jumia.

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    • Is Jumia Technologies AG (JMIA) Going to Burn These Hedge Funds?
      Insider Monkey

      Is Jumia Technologies AG (JMIA) Going to Burn These Hedge Funds?

      We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

    • Reuters

      UPDATE 1-Jumia Technologies to suspend Jumia Foods delivery service in Rwanda

      Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9. The suspension comes after Jumia said it had shut its e-commerce business in Tanzania in late November, and in Cameroon in the middle of the same month. "We have made the difficult decision to suspend our on-demand services in Rwanda effective on ... December 9th, 2019," the company said in a statement.

    • Jumia Technologies to suspend Jumia Foods delivery service in Rwanda
      Reuters

      Jumia Technologies to suspend Jumia Foods delivery service in Rwanda

      Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9. The suspension comes after Jumia said it had shut its e-commerce business in Tanzania in late November, and in Cameroon in the middle of the same month. "We have made the difficult decision to suspend our on-demand services in Rwanda effective on ... December 9th, 2019," the company said in a statement.

    • Jumia, Africa's 'Amazon', seeks to move on from a bruising 2019
      Reuters Videos

      Jumia, Africa's 'Amazon', seeks to move on from a bruising 2019

      Jumia Technologies will focus on proving it can turn a profit after a bruising 2019, one of the e-commerce giant's co-founders - Jeremy Hodara - has said. (SOUNDBITE) (English) CO-CHIEF AND EXECUTIVE AND FOUNDER, JEREMY HODARA SAYING: "Now we're going to be extremely disciplined and very focused on our path to profitability, and that's where we are going." Africa's first tech company to list in New York hit a peak value of close to $4 bln, but has seen its shares fall by nearly 70% since its initial public offering in April. They tumbled after short-seller Citron Research cast doubt on its sales figures - dealing a major blow to investor confidence. Late last year, it shut its e-commerce service in Cameroon and Tanzania and halted food delivery in Rwanda. Hodara declined to say whether more markets could face the axe. Instead, he said the business would focus on boosting revenue by making its payment platform - JumiaPay, and infrastructure network available to third parties. (SOUNDBITE) (English) CO-CHIEF AND EXECUTIVE AND FOUNDER, JEREMY HODARA, SAYING: "It's not a fintech company, it's not a marketplace, it is an e-commerce ecosystem where we have a very strong marketplace, a very strong logistic platform and a very strong payment platform that compliments each other to make Jumia what it is." Hodara declined to comment on whether Jumia planned to seek more outside cash, but said that as the business scaled up, costs would come down. He said improvements to its algorithms were also helping.