Jumia shares price dipped 15 percent after latest earnings despite strong Nigeria growth after the company released its latest quarterly earnings, as investors remain cautious about the pace of its march toward profitability.
Despite this, Jumia stock is still up approximately 159 percent over the last year. The company now has a market capitalisation of approximately $1.27 billion and is valued at approximately 5.2 times this year’s expected sales.
Jumia’s US-listed stock dropped about 15 percent in post-results trading, reflecting market disappointment that the company did not bring forward its profitability timeline, even as revenue and order volumes posted strong gains.
