Founded in 2012 Jumia is an e-commerce and retail platform spread across 10 African countries making it the largest in that continent. Valued at over $1Billion and headquartered in Nigeria it is one of the largest possible return on investments in the stock market.
Stats:
- Market Cap: 2.88B
- 52 Week Range: 3.41-69.81
- Current price (April 21st) 29.45
- Past 12 month return: 734.38%
We are currently looking at the bottom of a 3 month plummet and the discussion is around if the stock will hold above 29 or break into the 28’s.
Looking at the positives:
- The current price is under half of the company's top.
- With 4067 employees the company's growth rate can be exponential.
- Revenue reported of 159.85M.
- E-commerce continues to rise in Africa due to Covid and technological advances.
- They have just raised $348.6Million from the sale of 8,962,961 secondary shares.
Buying at the 3 month bottom is always a giant positive and with a stock like this it could be the best purchase of your stock trading career.
Short, Mid or Long Term?
JMIA is a stock which hits all three. Buying at the current level will allow you to set a 10% stop loss and never feel like a loser if it does drop below 27. Buying at this level short term can see a fast 20-30% increase over the next 30 days, a 50-60% increase over 90 days and a 200-300% rise in 12-24 months.Today I purchased $500 worth as soon as the market opened and the results after just one day of trade is below:
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