JMIA - Is Jumia Technologies Stock a Buy Now?
Jumia Technologies (NYSE: JMIA) , the German company that operates one of Africa's leading e-commerce marketplaces, posted a mixed fourth-quarter earnings report on Feb. 23.
Jumia's revenue rose 26% year over year to $62.0 million, which marked a significant acceleration from its 9% growth in the third quarter. But on an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) basis, its net loss widened from $33.8 million to $70.0 million.
Jumia's stock price briefly rallied after the report, but quickly surrendered those gains as Russia's invasion of Ukraine caused global equities to tumble. Should investors consider taking a chance on Jumia -- which has been nearly cut in half since its IPO in 2019 -- in this unpredictable market?
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Is Jumia Technologies Stock a Buy Now?