Is Jumia Stock Overvalued?
Shares of Jumia Technologies (NYSE: JMIA), the German company that provides e-commerce services to about a dozen African countries, have surged more than 500% over the past 12 months. The bulls might claim that's a reasonable valuation for a company that has an early mover's advantage in Africa's nascent e-commerce market. Jumia went public in April 2019.