Jumia stock news
Jumia Technologies AG (NYSE: JMIA) is a German-based e-commerce company that operates in Africa. Here are some recent stock news and updates about Jumia:
Recent Stock Performance:
- On February 24, 2023, Jumia's stock price closed at $1.43 per share, down 1.39% from the previous day's close.
- Over the past 52 weeks, Jumia's stock has traded between $1.11 and $3.45 per share.
- The company's market capitalization is approximately $1.3 billion.
Recent News and Updates:
- On February 22, 2023, Jumia announced its financial results for the fourth quarter and full year 2022. The company reported a net loss of €144.6 million (approximately $155.6 million) for the full year 2022, compared to a net loss of €173.4 million (approximately $189.3 million) in 2021.
- On February 15, 2023, Jumia announced that it had appointed a new Chief Financial Officer (CFO), Fabrice Boulanghais, who will replace current CFO, Jeremy Hodara.
- On January 25, 2023, Jumia announced that it had launched a new e-commerce platform in Egypt, marking its entry into the Egyptian market.
- On January 18, 2023, Jumia announced that it had partnered with Mastercard to offer a new payment solution for its customers in Africa.
Analyst Estimates:
- According to Refinitiv, the average 12-month price target for Jumia's stock is $2.50 per share, with a high estimate of $4.50 per share and a low estimate of $1.50 per share.
- The average rating for Jumia's stock is "Hold" or "Neutral" from the analysts surveyed by Refinitiv.
Company Overview:
- Jumia is an e-commerce platform that operates in 14 countries in Africa, offering a wide range of products, including electronics, fashion, beauty, and home goods.
- The company was founded in 2012 and went public on the New York Stock Exchange (NYSE) in 2019.
- Jumia has a strong presence in several African countries, including Nigeria, Egypt, Morocco, and South Africa.
Please note that the stock market can be volatile, and stock prices can fluctuate rapidly. It's always a good idea to do your own research and consider multiple sources before making any investment decisions.