A Primal Panic In Jumia Technologies Did Not Change The Investment Thesis
JMIAJumia(JMIA) Seeking Alpha·2024-08-08 21:45

Delmaine Donson A Secondary Accompanied By A Primal Panic Investing in the future of Africa is not for the faint of heart. Despite reporting on-trend financial results and reaffirming guidance for the year, African e-commerce company Jumia Technologies (NYSE:JMIA) suffered a massive 53.8% post-earnings loss. This collapse came on the heels of a 5-month rally that saw JMIA increase nearly 5x after an earnings report that delivered proof-positive of a turn-around for the company. Now, the company faces one of ...