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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Jumia Technologies AG: Risks Outweigh Opportunities At This Price