Jumia Technologies Ag ADR Up 9.47% To $2.89 After Earnings

Jumia Technologies Ag ADR (JMIA) said before open Wednesday that it broke even in quarter three 2023.

In the same quarter a year ago, the company lost $0.89 per share on revenue of $50.5 million.

The stock is up 9.47% to $2.89 after the report.

Jumia Technologies Ag ADR's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Jumia Technologies Ag ADR has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 18, putting Jumia Technologies Ag ADR in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $2.23 on September 28, 2023 and set a 52-week high on November 15, 2022 at $5.43.

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates most of its revenue from the West Africa segment.