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This Sleeping Giant of e-Commerce is the Next Amazon
Shares of Jumia (JMIA - Free Report) have rallied sharply over the last several weeks. Jumia operates an e-commerce platform in Africa. The company’s platform consists of marketplace, which connects sellers with consumers. Some analysts are calling it the “Amazon (AMZN - Free Report) of Africa.”
The stock has rallied from a March low of $2.15. The 52-week high for Jumia is $40.90. As of December 8th, the stock was trading around $35.50. The 200-day moving average is far below the current stock price, down at $9.44. The stock is up 540% over the last year. It currently trades with a market cap around $2.8 billion.
Jumia Technologies AG Price and Consensus
Jumia Technologies AG price-consensus-chart | Jumia Technologies AG Quote
Zacks Responds to Pot Stock "Gold Rush"
With almost unimaginable profit potential, legalized marijuana is skyrocketing from $9 billion in 2017 to an expected $32 billion in 2020 to a possible $146 billion by 2025. Not since the Repeal of Prohibition has there been such a release of pent-up demand. See Zacks’ recommended buys >>