Jumia Technologies AG (JMIA, Financial) recently experienced a significant stock price drop of 5.11%, bringing the price to $4.00 per share. The trading volume reached 3.03 million shares, with a turnover rate of 2.47% and a price fluctuation amplitude of 7.84%.
The latest financial report reveals Jumia's revenue at $36.43 million and a net loss of $16.90 million, with a gross profit of $21.04 million. The price-to-earnings ratio stands at -4.82, indicating losses. Analyst ratings show a divided outlook: 50% recommend holding, while the other 50% suggest selling, with no buy recommendations.
Within the internet retail sector, which saw an overall increase of 0.66%, Jumia remains active alongside peers like Meitu Technology and 1Stdibs.Com. Meitu Technology showed a high turnover rate of 23.92%, while Jumia's was 2.48%. Other active stocks in the sector include Beyond, Inc. with notable price fluctuations.
Jumia Technologies AG operates as a Pan-African e-commerce platform, connecting sellers and consumers. It offers logistics for package delivery and payment services for transactions. The company generates revenue through sales, commissions, fulfillment, value-added services, and advertising, with a significant portion from West Africa.
