Why Jumia Technologies Stock Soared Today
Shares of Jumia Technologies (NYSE: JMIA) were surging today after the African e-commerce company reported solid growth in orders, despite a decline in revenue, and guided to full-year profitability in 2027.The stock's gains seemed to come not because the overall results were strong, but because after years of challenges, Jumia appears to be at an inflection point, especially as the company had never before given profitability guidance.As of 2:07 p.m. ET, the stock was up 24% on the report.Continue reading
Shares of Jumia Technologies (NYSE: JMIA) were surging today after the African e-commerce company reported solid growth in orders, despite a decline in revenue, and guided to full-year profitability in 2027.
The stock's gains seemed to come not because the overall results were strong, but because after years of challenges, Jumia appears to be at an inflection point, especially as the company had never before given profitability guidance.
As of 2:07 p.m. ET, the stock was up 24% on the report.
