|Bid||6.97 x 1800|
|Ask||6.98 x 3000|
|Day's range||6.91 - 7.38|
|52-week range||4.47 - 22.64|
|Beta (5Y monthly)||2.88|
|PE ratio (TTM)||N/A|
|Earnings date||10 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
According to Insider Magazine, Amazon (NASDAQ: AMZN) is planning a massive international expansion next year. This will give the e-commerce giant a bigger presence in Africa -- and that's Jumia Technologies' (NYSE: JMIA) stomping ground.
Shares of Jumia Technologies (NYSE: JMIA) slumped 17.7% this week, according to data from S&P Global Market Intelligence. As of this writing, shares of Jumia stock are down 54% this year. Jumia itself didn't put out any press releases, so it seems like global macroeconomic fears are hurting the company's shares.
The African e-commerce company could either face a formidable new competitor -- or get bought out by that challenger for a hefty premium.