Key Highlights
- 10 stocks we like better than Jumia Technologies Ag › Shares of African e-commerce leader Jumia Technologies (NYSE: JMIA) rallied 16.2% in November, according to data from S&P Global Market Intelligence.
- Jumia held both its third-quarter earnings report and a more long-term focused Investor Day during the month; yet both events, while delivering bullish numbers and narratives, didn't appear to move the stock initially.
- Rather, it wasn't until a sell-side analyst greatly increased his price target on Jumia days later that the market came around, bidding up shares to its hefty one-month gains.
- Jumia tells its story, but investors wait for Wall Street to jump first Earlier in the month, Jumia delivered third quarter earnings results that appeared strong.
- The company saw revenue surge 25% to $45.6 million on a 21% increase in gross merchandise volume (GMV), while the company's operating loss narrowed by 13% to ($17.4 million).
