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home / news releases / JMIA - Jumia Technologies AG: Risks Outweigh Opportunities At This Price

JMIA - Jumia Technologies AG: Risks Outweigh Opportunities At This Price

Jumia Technologies AG American Depositary Shares each representing two

2024-05-09 08:49:26 ET

Summary

  • Jumia Technologies AG's shares spiked after releasing positive Q1 results, but the market may be valuing the company too optimistically.
  • The company reduced operating losses and slashed costs.
  • Jumia's biggest problem is currency risk.
  • There is no guaranteed path to profitability, even taking for granted operational success.
  • At the current price, I believe that risks outweigh opportunities.

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For further details see:

Jumia Technologies AG: Risks Outweigh Opportunities At This Price
Stock Information
Company Name: Jumia Technologies AG American Depositary Shares each representing two
Stock Symbol: JMIA
Market: NYSE
Website: group.jumia.com
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