1 Green Flag and 1 Red Flag for Jumia Stock
Jumia (NYSE: JMIA), the German company that owns one of the top e-commerce marketplaces in Africa, was once considered a promising growth stock. It went public at $14.50 in April 2019, and its stock opened at $18.95 before soaring to an all-time high of $65.51 last February.
But today, Jumia's stock trades at about $7. Its decelerating growth and widening losses made it an easy target for the bears as rising interest rates drove investors toward more conservative investments.
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Source Fool.com
