Jumia Technologies AG (JMIA, Financial) experienced a significant stock movement with a sharp decline of 5.03%, bringing the price to $4.34 per share. The trading volume reached 1.74682 million shares, with a turnover rate of 1.43% and a price fluctuation of 6.13%.
Recent financial reports show Jumia's revenue at $36.43 million, a net loss of $16.90 million, and a gross profit of $21.04 million. The price-to-earnings ratio stands at -5.24. Among the rating institutions, 100% recommend holding the stock, with no buy or sell suggestions.
In the broader internet retail sector, the overall decline was 1.78%. Notable performers include Linkage Global Inc and Beyond, Inc. Jumia operates a pan-African e-commerce platform, generating revenue through sales, commissions, and services across various regions, primarily in West Africa.
