JMIA - 2 Reasons Jumia Shareholders Are Going to Need Patience
A few months ago, I listed Jumia Technologies (NYSE: JMIA) among my top stocks to buy under $10 . Back then, shares traded at around $4.60, which means investors who followed my suggestion would up by almost 600% now.
Do I still think Jumia is a buy today? Well ... maybe. I still believe in the long-term investment thesis, and anyone who owns this stock should know that thesis could take years to play out. That said, the stock's recent run-up has been massive, and the company is facing two near-term challenges that might have short-term investors looking to take some profits soon. Be ready for the stock to pull back until these challenges are resolved.
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2 Reasons Jumia Shareholders Are Going to Need Patience