Jumia Stock Forecast 2023, 2024 and 2025

Jumia Stock Forecast 2023: Latest Price

Article Coverage: JMIA Stock Performance, Latest JMIA News, Aggregated Forecasts, JMIA Latest Production Update, Reasons to Buy or Sell JMIA Stock, JMIA Investor Day Analysis, FAQs and Other detailed analysis.

Jumia Technologies AG (JMIA) is a pan-African e-commerce company that operates in eleven African countries. It is the leading e-commerce platform in Africa, offering a wide range of products and services, including consumer goods, electronics, fashion, and food delivery. Jumia’s stock is listed on the New York Stock Exchange (NYSE) and has been trading since April 2019.

JMIA Stock Forecast 2023: Latest News

• According to DataSparkle, Jumia was ranked first among the top 10 shopping apps by active users in the august month.

JMIA Stock Forecast 2023: Performance in the Last 12 Months

• Last 6 Months: -25.4%
• Last 12 Months: -61.6%
• Year to Date (2023): -29.7%

Jumia Stock Forecast 2023, 2024 and 2025

• Jumia Stock Forecast Price Prediction 2023 is $3.78
• Jumia Stock Forecast Price Prediction 2024 is $4.83
• Jumia Stock Forecast Price Prediction 2025 is $6.83

• Jumia Stock Forecast Price Prediction in the next 24 hours is between $3.35 and $3.54
• Jumia Stock Forecast Price Prediction this week is between $3.46 and $3.83

Jumia Stock Forecast 2023: Will JMIA reach $5 in 2023?

It is impossible to say for certain whether JMIA will reach $5 in 2023. The stock market is unpredictable, and there are a number of factors that could affect Jumia’s share price, including the company’s financial performance, competition from other e-commerce companies in Africa, and the overall state of the global economy.

However, some analysts believe that Jumia’s stock is undervalued and that it has the potential to rebound in the long term. The company has a strong presence in the African e-commerce market, which is expected to grow rapidly in the coming years. Jumia is also expanding into new business areas, such as fintech and logistics.

If Jumia can continue to grow its revenue and improve its profitability, it is possible that its stock price could reach $5 in 2023 or beyond. However, investors should be aware of the risks involved before investing in Jumia stock.

Here are some factors that could affect Jumia’s stock price in 2023:

• The company’s financial performance
• Competition from other e-commerce companies in Africa
• The overall state of the global economy

Jumia Stock Forecast 2025

Jumia’s stock price has been volatile since its IPO in 2019, but it has generally trended downwards. As of September 26, 2023, Jumia’s stock price is $2.47 per share.

The JMIA stock forecast for 2025 is currently $5.58, assuming that Jumia Technologies AG shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 128.56% increase in the JMIA stock price.

Analysts are divided on Jumia’s stock forecast for 2025. Some analysts believe that the company’s stock is undervalued and that it has the potential to rebound in the long term. They point to Jumia’s strong presence in the African e-commerce market, which is expected to grow rapidly in the coming years. They also note that Jumia is expanding into new business areas, such as fintech and logistics.

Other analysts are more cautious about Jumia’s stock. They point to the company’s history of losses and its high cash burn. They also worry about competition from other e-commerce companies in Africa, such as Amazon and Alibaba.

Overall, the consensus among analysts is that Jumia’s stock is a risky investment. The company has the potential to rebound in the long term, but it also faces a number of challenges. Investors should carefully consider the risks involved before investing in Jumia stock.

JMIA Quarterly Financial Results

Second Quarter, 2023

Jumia Technologies AG (JMIA) reported earnings results for the second quarter and six months ended June 30, 2023, on August 15, 2023.

Key Financial Highlights

• Revenue: $48.5 million, down 15% year-over-year and up 6% on a constant currency basis.
• Gross profit: $26.0 million, down 13% year-over-year and up 2% on a constant currency basis.
• Net loss: $85.0 million, compared to $77.7 million in the second quarter of 2022.
• Adjusted EBITDA loss: $49.8 million, compared to $74.5 million in the second quarter of 2022.

Jumia CEO Sacha Poignonnec said in the earnings release that the company is “making good progress on our path to profitability.” He cited the company’s revenue growth, improved margins, and reduced losses as evidence of its progress.

Analysts were mixed on Jumia’s earnings results. Some analysts were disappointed by the company’s revenue decline, while others were encouraged by its improved margins and reduced losses.

Overall, Jumia’s Q2 earnings results were a mixed bag. The company is making progress toward profitability, but it still faces a number of challenges, including competition from other e-commerce companies in Africa and concerns about its cash burn.

Jumia Stock Forecast 2023: How High Will JMIA Go in 2023?

MIA stock has been in a downtrend for the past year, and it is difficult to predict how high it will go in 2023. However, some analysts are predicting that the stock could reach $3.00 per share by the end of the year. This would represent a 25% increase from the current price of $2.40 per share.

There are a few factors that could support a higher JMIA stock price in 2023. First, the company is expanding into new markets and product categories. Second, it is improving its profitability and cash flow. Third, the overall stock market could rebound in 2023, which would benefit all stocks, including JMIA.

Of course, there are also some risks that could weigh down JMIA stock in 2023. First, the company faces stiff competition from other e-commerce platforms in Africa. Second, it is still operating at a loss. Third, the overall economic environment could worsen in 2023, which would hurt consumer spending.

Overall, it is difficult to predict how high JMIA stock will go in 2023. Investors should carefully consider all of these factors before making any investment decisions.

Jumia Stock Forecast 2023: Is JMIA a good stock to buy?

Here are some reasons to buy JMIA stock:

• JMIA is the leading e-commerce platform in Africa. Africa is the world’s fastest-growing continent, with a young and growing population that is increasingly connected to the internet. JMIA is well-positioned to capitalize on this growth.
• JMIA is expanding into new markets and product categories. In addition to its core e-commerce business, JMIA is also expanding into new areas such as fintech, logistics, and payments. This diversification could help the company to generate new revenue streams and become more profitable.
• JMIA is improving its profitability and cash flow. JMIA has been narrowing its losses in recent quarters, and it is expected to become profitable in the near future. The company is also generating more cash flow, which will allow it to invest in its growth and expand its business.

Jumia Stock Forecast 2023: Reasons Not to Buy JMIA Stock

Here are some reasons not to buy JMIA stock:

• JMIA is still operating at a loss. JMIA has been losing money since its inception, and it is unclear when the company will become profitable. In the first half of 2023, JMIA lost $167 million on revenue of $213 million.
• JMIA has a high debt-to-equity ratio. JMIA’s debt-to-equity ratio is 1.35, which means that the company has more debt than equity. This could make it difficult for JMIA to raise capital in the future and could also put the company at risk of bankruptcy if the economy worsens.
• JMIA faces stiff competition from other e-commerce platforms in Africa. JMIA is not the only e-commerce platform in Africa, and it faces competition from both local and international players. Amazon, for example, is expanding into Africa and is already a major player in some countries.
• JMIA is dependent on a few key markets. JMIA generates the majority of its revenue from Nigeria and Egypt. If there is a slowdown in economic growth in either of these countries, it could have a negative impact on JMIA’s business.
• JMIA’s stock price is volatile. JMIA’s stock price has been very volatile in recent years. This is because the company is still in its early stages of growth and is not yet profitable. Investors who buy JMIA stock should be prepared for significant swings in the stock price.

Overall, JMIA is a high-risk, high-reward investment.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.