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JMIA Jumia ready to bounce from supportJumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. They kept diluting their shares in the last year and investors were disappointed by the results. i see two scenarios: it bounces from this support and the price target is the 21usd resistance. it drops to 8usd, according to the head and shoulders pattern and then the price target is the 16usd resistance. Looking forward to read your opinion about it.
NYSE:JMIALong
by TopgOptions
2
JMIA Time to buy? Jumia Technologies Jumia Technologies' stock has already soared over 1,600% in the last year. Headquartered in Germany, this "Amazon of Africa" operates an integrated ecosystem comprising an online marketplace, logistics business, and payments business. Jumia's fourth-quarter revenue dipped 15.3% year over year to 41.8 million euros, while gross merchandise volume was down year over year by 21% to 231.1 million euros. Despite this, the company has reduced the adjusted EBITDA loss by 47% to 28.3 million euros. Jumia is shifting from an asset-heavy, inventory-laden traditional retailer model to an online platform model. Hence, although the total revenue earned from commissions and fulfillment fees is lower, it generates higher profitability for the company. Additionally, the asset-light approach will also help the company to rapidly scale in the African market in future years. The company's strategy of shifting toward smaller-sized and more profitable everyday product categories and away from phone and electronics is helping improve unit economics, which translates into higher margins. Jumia is also focusing on improving overall usage efficiency by reducing cancellations, failed deliveries, and returns on cost efficiencies -- another major driver taking the company closer to breakeven. Jumia Pay is also seeing rapid adoption, with total payment volume increasing 58% year over year and JumiaPay accounting for 35% of the total Jumia transactions in 2020. The company is working to position JumiaPay as a preferred digital payment option beyond Jumia marketplace, by partnering with prominent players across sectors in Africa. Jumia is trading at a 12-month trailing price-to-sales (P/S) multiple of 25.7, which is steep. However, when this is compared to P/S multiples of e-commerce players such as MercadoLibre (NASDAQ:MELI) and Sea Limited (NYSE:SE), which are relatively small in market capitalization and focused mostly on developing markets, Jumia's valuation seems quite comparable. With a reach of over 600 million Africans and an annual active customer account of only 6.8 million at the end of 2020, Jumia has plenty of room to grow in the years ahead. source: www . fool . com /investing/2021/03/23/these-3-disruptive-stocks-could-easily-double-your/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
NYSE:JMIA
by Vermeire
7
JMIA bullish for the long run.The first thing to know is that Jumia is an online retailer like Amazon. I think it has a lot of potential partly due to the fact that it is an African company. Like almost everywhere, Amazon has also tried to expand into Africa but failed because the structure in Africa was too difficult for Amazon. As far as I know, Jumia has no major competitors in Africa. The company itself is managed by a headquarters in Germany. Now they are not just a Zalando or a Shop Direct they are also a takeaway and they also have their own payment service. Like you have an iDeal or a PayPal. So they have different business activities. According to the world statistics of the internet (2019), 70% of internet users in Africa are also a user of Jumia. They are currently active in 11 African countries out of 54. So there is still plenty of room for expansion. According to most analysts, the value per share is worth $ 296. While the price per share is now around $ 40-50. There is also an expected increase in turnover of 40% year on year. The only “downsides” I think are that they haven't made a profit so far. Now, in the end this is not bad at all, as it ensures that the price per share remains so low for the time being. Tesla has only been profitable for 1 year now, but everyone wishes he had bought shares before that year. They strive and are getting closer to profitability. This way they can make further expansions possible.
NYSE:JMIALong
by Vermeire
2