|Bid||8.00 x 1800|
|Ask||8.13 x 2200|
|Day's range||8.12 - 8.90|
|52-week range||8.12 - 69.89|
|Beta (5Y monthly)||3.38|
|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|
You can forgive investors for getting excited. After watching Amazon (NASDAQ: AMZN) become the king of e-commerce in North America, many took what they saw and applied it abroad. So when e-commerce companies like Mercadolibre (NASDAQ: MELI) and Sea Limited (NYSE: SE) cropped up in Latin America and Southeast Asia -- and returned 4,400% and 1,200%, respectively, since going public -- it seemed like a sure blueprint for success.
Shares of Jumia Technologies (NYSE: JMIA) were catching fire this week as the African e-commerce company reported strong Black Friday results and benefited from a rebound in growth stocks. The big news out from Jumia this week was its Black Friday results. The results came after the company turned in a disappointing third-quarter earnings report featuring sluggish growth and a widening loss on the bottom line, and helped reset investor perceptions of Jumia as a growth stock.
Shares of the African e-commerce company fell on a weak earnings report.