JMIA - Jumia Technologies AG

NYSE - NYSE Delayed Price. Currency in USD
7.75
+1.69 (+27.89%)
At close: 4:01PM EST

8.39 +0.64 (8.26%)
Pre-Market: 7:35AM EST

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Previous Close6.06
Open6.05
Bid8.30 x 900
Ask8.35 x 1300
Day's Range6.05 - 7.97
52 Week Range4.94 - 49.77
Volume7,819,796
Avg. Volume1,217,443
Market Cap777.131M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.58
  • Jumia Q3 revenue is up
    Yahoo Finance Video

    Jumia Q3 revenue is up

    Jumia, a Nigerian company listed in the NYSE, showed stock gains after it reported its quarter three results. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM.

  • Estimating The Fair Value Of Jumia Technologies AG (NYSE:JMIA)
    Simply Wall St.

    Estimating The Fair Value Of Jumia Technologies AG (NYSE:JMIA)

    How far off is Jumia Technologies AG (NYSE:JMIA) from its intrinsic value? Using the most recent financial data, we'll...

  • 2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
    TechCrunch

    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.

  • Benzinga

    Gene Munster Talks Tesla's Opportunity, Apple's Valuation, Netflix's Headwinds

    Loup Ventures founder Gene Munster recently joined PreMarket Prep and co-host Joel Elconin for a live version of the "Frontier Tech With Gene Munster" podcast. Some analysts have doubled down on their bearish calls on Tesla after the stock soared 96.7% in the past six months to new all-time highs, but Munster said long-term investors have nothing to be afraid of at these levels.

  • Forget MELI, Buy These 3 E-commerce Stocks Instead for 2020
    Zacks

    Forget MELI, Buy These 3 E-commerce Stocks Instead for 2020

    MercadoLibre (MELI) is currently plagued with rising expenses, which makes it an unsuitable investment pick. Instead investors can consider these three e-commerce stocks with strong fundamentals.

  • 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.

  • Bloomberg

    Twitter CEO Dorsey Plans to Spend Up to Six Months in Africa

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterTwitter Inc. Chief Executive Officer Jack Dorsey returned from a trip touring African startups ready to go back.He said in a Twitter post last week that he’ll spend three to six months somewhere on the continent next year. Dorsey had spent much of November meeting with startups and people in the tech industry in South Africa, Ethiopia, Nigeria and Ghana.But investors have appeared less convinced of the executive’s intentions over the following days. Twitter’s shares have declined since Dorsey announced his plans -- down about 2.4% since Nov. 27 -- and his other company, payments firm Square, has fallen almost 4% compared to a 1.3% drop in the S&P 500 Index.The continent is one of the fastest growing regions for tech adoption thanks to a young population and an emerging middle class. People there have become early users of new technology, such as payments apps. Funding of African startups more than doubled last year to $1.16 billion, mainly driven by fintech investments, according to a report from venture capital firm Partech Partners.Dorsey’s Square fits in well with Africa’s embrace of mobile payments, though the company doesn’t currently have an office there.According to the GSMA industry association’s report this year, Sub-Saharan Africa is the region with the highest growth in wireless adoption, with a large number of jobs and economic growth tied to mobile. African leaders are also working to establish the world’s largest free-trade zone, the African Continental Free Trade Area, which would cover a market of 1.2 billion people. The deal is set to kick in next year.Read more about the African trade dealJack Ma, the co-founder of Chinese tech company Alibaba Group Holding Ltd., said last month that African entrepreneurs will find countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a the deal.Some large companies from the continent have started to go public. African e-commerce platform Jumia Technologies AG listed in New York this year at a value of more than $1.9 billion. South African giant Naspers Ltd. spun off its Dutch technology investment unit, Prosus NV, in September.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Jumia suspends its e-commerce business in Cameroon

    Online retailer Jumia Technologies , often called "the Amazon of Africa", said it had suspended its e-commerce platform activities in Cameroon on Monday because it was not suitable for the country. "Based on our review, we came to the conclusion that our transactional portal as it is run today is not suitable to the current context in Cameroon," the company said in a statement, adding that its e-commerce operations there had been suspended. Founded in 2012 by two French former McKinsey consultants, Jumia has grown quickly to become Africa’s leading e-commerce firm, operating in more than a dozen countries across Africa.

  • Africa retailer Jumia suspends e-commerce in Cameroon
    Reuters

    Africa retailer Jumia suspends e-commerce in Cameroon

    Online retailer Jumia Technologies said on Monday it had suspended its e-commerce platform activities in Cameroon because they were "not suitable" for the African state. Dubbed "the Amazon of Africa", the company founded in 2012 by two French former McKinsey consultants has grown quickly to become the continent's leading e-commerce firm, operating in more than a dozen countries. Jumia, whose share price hit a record low of $4.96 after Reuters reported the suspension on Monday, said it would continue supporting buyers and vendors in Cameroon using its classified portal Jumia Deals.

  • Business Wire

    Jumia Reports Third Quarter 2019 Results

    Marketplace revenue up 52% and Gross profit up 45% year-over-year 

  • 5 IPO Stocks With Lockup Expiration Dates Around the Corner
    InvestorPlace

    5 IPO Stocks With Lockup Expiration Dates Around the Corner

    One of the scariest things about IPO stocks is the lockup expiration date. This is the date when insiders, like employees and venture investors -- who we previously "locked" into holding their shares -- can sell their stock. Often, these insiders hold the vast majority of a freshly public company's outstanding shares. The result? When the lockup expiration date hits, if a bunch of insiders want to sell their stock, that will put tremendous downward pressure on an IPO stock.Just look at some of the headline IPO stocks that had their lockup expiration dates in the first half of October, including African e-commerce company Jumia (NASDAQ:JMIA), social media platform Pinterest (NYSE:PINS), and video communications company Zoom (NASDAQ:ZM). Month-to-date, all three stocks are down -- while the S&P 500 is up an impressive 2% in October -- with ZM stock down a whopping 20%.Also of note: two of those three IPO stocks, Pinterest and Zoom, were big winners before the lockup expiration. In other words, lockup expiration dates are scary for all IPO stocks, not just the bad ones.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Notch REITs to Buy for Income With that in mind, let's take a look at seven IPO stocks whose lockup expiration dates are looming around the corner. For some of them, the lockup expiration could cause serious pain in shares. For others, not so much. Beyond Meat (BYND)Source: Sundry Photography / Shutterstock.com Lockup Expiration Date: Oct. 29The next big lockup expiration that investors should be watching is the lockup expiration of alternative meat producer Beyond Meat (NASDAQ:BYND).Due on Oct. 29, Beyond Meat's lockup expiration will dramatically expand the stock's float. About 48 million shares will be unlocked. That represents roughly 80% of the company's total outstanding shares. If the owners of those shares decide to sell, that could put tremendous downward pressure on BYND stock.The problem is that most might decide to sell. Why? Because Beyond Meat has had one of the most successful IPOs ever, and the most successful of the past decade. At one point, the stock was up nearly 10-fold from its IPO price. Sure, it's down big from those levels. But, it's still up 4-fold from the IPO price.With the stock in the midst of a multi-month plunge and yet still up big from the IPO price, insiders might take this opportunity to sell at elevated prices. If this mentality is broadly adopted by insiders -- and it likely will be -- then BYND stock could be in for a world of hurt when the lockup expiration hits. Uber (UBER)Source: Shutterstock Lockup Expiration Date: Nov. 6After Beyond Meat, the next big lockup expiration that investors should watch for is the lockup expiration of Uber (NYSE:UBER) due on Nov. 6. On that day, roughly 84% of Uber's total share count will become available for sale.That's a huge number, and the problem is that a ton of those insiders will likely sell as soon as they can.Here's the logic. For better or for worse, a lot of Uber's early employees and investors were attracted to Uber because of former CEO Travis Kalanick and the culture he fostered at the company. Travis has since been pushed out. The aggressive culture which he fostered has also since vanished. Perhaps by coincidence -- or not -- the company's growth trajectory has flattened out, and the valuation of the company has plunged.Those early employees and investors want out. They thought Uber could be a trillion dollar company behind Travis. Now, just as Travis has, many of those early individuals have probably moved on. The problem is that as the early employees and investors, they own a bunch of UBER stock, so when the lockup hits, them selling in bulk will create significant downside pressure on shares. * 7 Safe Stocks to Buy and Hold Through 2020 The implication? Uber could have an ugly lockup expiration. Luckin Coffee (LK)Source: Keitma / Shutterstock.com Lockup Expiration Date: Nov. 13The other notable freshly-public company that has a lockup expiration date in November is rapidly-expanding China retail coffee chain Luckin Coffee (NYSE:LK).Luckin Coffee's lockup period expires Nov. 13. While that means a ton of insiders will be able to sell shares at that date, I'm not terribly concerned about the selling pressure on LK stock.Why? Because Luckin Coffee has all the ingredients of a stock wherein the insiders won't sell that much in November. First, the stock is barely up from its IPO price, so there really isn't that big of a profit for insiders to cash in on. Second, the stock has been much less erratic than other IPO stocks, and has consistently held prices above its IPO price. Third, there's a ton of Wall Street support here, with pretty much all analysts giving the stock a buy rating, according to YCharts. Fourth, there is a ton of long-term potential here, thanks to Luckin's robust unit growth potential in a very large China coffee retail market.Big picture: insiders don't have much reason to sell come Nov. 13. Thus, LK stock will likely breeze past its lockup expiration without much noise or hassle. Revolve (RVLV)Source: Shutterstock Lockup Expiration Date: Dec. 4Moving into December, next-gen fashion commerce platform Revolve (NYSE:RVLV) has its lockup expiration date on Dec. 4.I'm pretty worried about RVLV stock into this lockup expiration for two big reasons. First, the optics are bad. RVLV stock hit the markets with a bang, roaring from an $18 IPO price, to nearly $50 in a matter of a few trading days. Since then, the stock has come off the rails, dropping all the way back to $20. This "pop-and-drop" dynamic gives credence to the idea that this is just another IPO stock that got too hot for its own good, and will continue to adjust downward for the foreseeable future. If insiders with shorter time frames adopt that mentality, then the lockup could bring in waves of selling.Second, the fundamentals don't add up. Revolve is being advertised as the new way Generation Z and Millennial consumers love to shop. I belong on the outskirts of both generations (born 1995), and I can tell you that this is not the future of shopping. Sure, social commerce is a big thing, but Revolve built its platform on influencer culture. That influencer culture is slowly dying, partly because Instagram is taking away their power by removing followers and likes, and partly because consumers started to realize just how fake it was. * 7 Stocks to Buy With 100% Upside Potential As influencer culture continues to die over the next several years, Revolve will become more like an online version of American Eagle Outfitters (NYSE:AEO). That's a decent business. But, it's not worth today's valuation. I have a feeling insiders know this, and so I expect the lockup expiration to come with a wave of selling. Chewy (CHWY)Source: designs by Jack / Shutterstock.com Lockup Expiration Date: Dec. 11Last, but not least, on this list of IPO stocks with lockup expiration dates just around the corner is online pet store giant Chewy (NASDAQ:CHWY). Chewy's lockup expiration date? Dec. 11, when roughly 83% of the outstanding shares become unlocked.Bad news for CHWY stock? Maybe. The stock had a great first day of trading. But it has been nothing but down, down, and down for shares since then. This lack of public market strength since the IPO pop may create a sense of doubt among insiders, and that doubt could form the basis for waves of selling on Dec. 11.At the same time, though, Wall Street has remained bullish on CHWY stock during the plunge. Pretty much every analyst who covers the stock has a Buy rating on it, and the consensus price target is above $35, according to YCharts, versus a price tag today of below $27. This show of confidence from Wall Street could ease insider doubts, and mute the selling.The big takeaway? CHWY stock should do just fine when its lockup period ends. There will be some selling, but not much, as broad support from Wall Street will keep overall sentiment bullish despite recent share price declines.As of this writing, Luke Lango was long PINS, BYND, and LK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cybersecurity Stocks to Keep Your Portfolio Safe * 7 Top-Notch REITs to Buy for Income * 5 Reasons Why I Still Believe in Hexo Stock The post 5 IPO Stocks With Lockup Expiration Dates Around the Corner appeared first on InvestorPlace.

  • Hedge Funds Have Never Been This Bullish On Jumia Technologies AG (JMIA)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Jumia Technologies AG (JMIA)

    Is Jumia Technologies AG (NYSE:JMIA) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]

  • Business Wire

    Jumia to announce its Third Quarter 2019 Results on November 12, 2019

    Jumia Technologies AG (JMIA), (“Jumia”), today announced that it will release its results for the quarter ended September 30, 2019 before the U.S. market opens on Tuesday, November 12, 2019. Management will host a conference call at 8:30 a.m. US Eastern Time on the same day. Participants should ask to join the Jumia Technologies call.

  • GlobeNewswire

    Four Innovators Targeting Multi-Billion-Dollar Market Opportunities in: E-Commerce, Healthcare Augmented Reality, and Cannabis

    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.

  • Is Jumia Technologies (NYSE:JMIA) Using Debt Sensibly?
    Simply Wall St.

    Is Jumia Technologies (NYSE:JMIA) Using Debt Sensibly?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

  • PR Newswire

    Investor Alert: Kaplan Fox Investigates Jumia Technologies AG (NYSE: JMIA)

    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 ...

  • The Amazon of Africa really isn’t a tech “unicorn” anymore
    Quartz

    The Amazon of Africa really isn’t a tech “unicorn” anymore

    Jumia stock price might be a fair reflection of its challenges

  • 5 Small Cap Stocks That Could Soar 200%
    InvestorPlace

    5 Small Cap Stocks That Could Soar 200%

    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.