JMIA - Jumia Technologies AG

NYSE - NYSE Delayed Price. Currency in USD
5.90
+0.57 (+10.69%)
At close: 4:02PM EST
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Previous Close5.33
Open5.45
Bid5.86 x 900
Ask5.92 x 1300
Day's Range5.25 - 5.95
52 Week Range4.94 - 49.77
Volume3,959,988
Avg. Volume2,262,135
Market Cap462.608M
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 Est11.82
  • Business Wire

    Jumia to Announce Fourth Quarter and Full Year 2019 Results on February 25, 2020

    Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release its results for the fourth quarter and full year 2019 before the U.S. market opens on Tuesday, February 25, 2020.

  • 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)
    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.

  • 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 […]

  • 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...

  • 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.

  • 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.