Jumia Technologies (JMIA) Stock Drops Amidst Market Fluctuations

Dec 19, 2024

Jumia Technologies AG (JMIA, Financial), a leading Pan-African e-commerce platform, experienced a significant stock decline of 5.02%, trading at $3.97 per share. The trading volume reached 2.102 million shares with a turnover rate of 1.72% and a volatility of 9.09%. Recent financial reports show Jumia's revenue at $36.43 million, with a net loss of $16.90 million and a gross profit of $21.04 million. The price-to-earnings ratio stands at -4.80.

In the internet retail sector, where Jumia operates, the overall increase was 0.81%. Notable performers included NFT Limited, Linkage Global Inc, and Jeffs' Brands Ltd. Jeffs' Brands Ltd, Webuy Global Ltd., and Linkage Global Inc showed high activity with turnover rates of 21.53%, 9.93%, and 4.41%, respectively. NFT Limited, Oriental Culture, and Linkage Global Inc had the highest volatility.

Jumia connects sellers and consumers through its marketplace, offering logistics and payment services. It generates revenue from product sales, commissions, fulfillment, value-added services, and advertising, primarily in West Africa.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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