Jumia Technologies AG (JMIA, Financial) experienced a significant stock price increase of 5.06%. The stock reached $5.40 per share with a trading volume of 1.00781 million shares and a turnover rate of 0.82%, while the price fluctuation was 6.52%.
Recent financial reports reveal that Jumia recorded revenues of $36.47 million with a net loss of $22.00 million. The earnings per share stood at -$0.22, while the gross profit was $19.34 million, indicating a price-to-earnings ratio of -5.28. Out of one rating institution, 100% recommended a "buy," with no "hold" or "sell" ratings provided.
Within the internet retail sector, where Jumia operates, the overall increase was 1.67%. Noteworthy performers in the sector include Oriental Culture, Solo Brands, Inc., and Jeffs' Brands Ltd, showing significant gains. Meanwhile, Wayfair Inc., Kidpik Corp., and Beyond, Inc. demonstrated high activity levels, with turnover rates of 1.75%, 1.50%, and 1.35%, respectively. Stocks with the highest fluctuations included Oriental Culture, Jumia Mall, and Jeffs' Brands Ltd, with fluctuations of 22.41%, 15.13%, and 10.65%.
Jumia Technologies AG is a leading pan-African e-commerce platform connecting sellers and consumers through its marketplace. It offers logistics services for package delivery and payment solutions facilitating transactions among market participants. Jumia generates revenue through sales, commissions, fulfillment, value-added services, and marketing. Its operations span across West Africa, North Africa, East Africa, Southern Africa, Europe, and the UAE, with most of its revenue coming from West Africa.
