The Jumia Technologies AG share recorded a considerable price increase of 9.01% to EUR 4.84 on August 16, 2024. Despite this upswing, the share remains under significant pressure with a monthly loss of 60.53%. However, year-on-year, there is a positive development of +70.42%. The share is currently trading 56.51% above its 52-week low, but remains 185.12% below the 52-week high.
Challenges for the “Amazon of Africa”
Known as the “Amazon of Africa,” the e-commerce company continues to struggle with financial challenges. Its latest quarterly report shows continued losses, mainly due to high operating costs. Despite impressive revenue growth, profitability remains a key concern for investors. The short-term outlook remains uncertain as Jumia needs to continue implementing its strategies to optimize costs and increase efficiency.
Advertisement
Jumia Technologies AG share: Buy or sell?! New Jumia Technologies AG analysis from August 17 provides the answer:
The latest Jumia Technologies AG figures speak a clear language: Jumia Technologies AG shareholders urgently need to take action. Is it worth getting involved or should you sell? Find out what to do now in the current free analysis from August 17th.
Jumia Technologies AG: Buy or sell? Read more here…
…
