Jumia Technologies AG’s (NYSE:JMIA) 39% Share Price Surge Not Quite Adding Up
Those holding Jumia Technologies AG (NYSE:JMIA) shares would be relieved that the share price has rebounded 39% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 55% share price drop in the last twelve months.
After such a large jump in price, when almost half of the companies in the United States’ Multiline Retail industry have price-to-sales ratios (or “P/S”) below 1x, you may consider Jumia Technologies as a stock probably not worth researching with its 1.8x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be…
