JMIA - 1 Reason Jumia's Monster Run Is Just Getting Started
Investors in Jumia Technologies (NYSE: JMIA) have much to celebrate as shares have skyrocketed 970% in the last year. The African-based e-commerce company benefited from a shift to "pandemic stocks" and smaller-cap names among retail investors.
Still, the company is not without its skeptics. The bearish argument is that the company's explosive stock growth has gone "too far, too fast" and outpaced its current fundamentals. However, long-term investors have little to fear. If anything, Jumia might be undervalued considering the tremendous opportunity it has, and if you've been paying close attention, you can see the biggest risk to the company's growth is slowly fading.
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1 Reason Jumia's Monster Run Is Just Getting Started