|Bid||10.67 x 1300|
|Ask||10.74 x 2200|
|Day's range||10.24 - 11.24|
|52-week range||10.24 - 69.89|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||22 Feb 2022 - 28 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Jumia Technologies AG, one of Africa’s largest e-commerce companies, plans to offer its digital payments services to Egyptian firms, seeking to capitalize on a surge of cashless transactions in the Arab world’s most populous nation.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsAutomating the War on Noise PollutionReliving the New York Subway Map DebateThe New York-listed firm, which has receiv
Monday was not a good day to be an investor of African e-commerce specialist Jumia Technologies (NYSE: JMIA). In the wake of a disappointing earnings report published earlier this month, one analyst at a prominent investment bank has become more bearish on the stock; his analysis helped push Jumia's share price down by almost 10% on the day. Analyst Luke Holbrook has taken over coverage of Jumia stock for Morgan Stanley, and he wasted little time downshifting the investment bank's recommendation.
Despite an old Wall Street proverb that says that "stocks take a staircase up and an elevator down," some companies like Jumia Technologies(NYSE: JMIA) do the opposite. After a rampant bullish run a year ago, the stock has now entirely erased that move, dipping below the US$15 level on an earnings report.