Jumia Technologies AG’s (NYSE:JMIA) P/S Is Still On The Mark Following 26% Share Price Bounce
Despite an already strong run, Jumia Technologies AG (NYSE:JMIA) shares have been powering on, with a gain of 26% in the last thirty days. The last month tops off a massive increase of 146% in the last year.
After such a large jump in price, you could be forgiven for thinking Jumia Technologies is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 9.3x, considering almost half the companies in the United States’ Multiline Retail industry have P/S ratios below 1.5x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
