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     Gudivada04 Bewarse Legend Username: Gudivada04 Post Number: 44279 Registered: 09-2004 Posted From: 161.141.1.1 Rating: N/A |
Trade Update: Jumia Technologies AG Jumia Technologies AG (NYSE: JMIA), the “Amazon of Africa,” released its latest earnings report. We sold put options on the stock because we wanted exposure to the growth opportunities that are ahead for Jumia. We knew it wouldn’t be a straight shot higher. That’s why we picked $7 a share for the price at which we want to own the stock. After the company’s latest earnings report, there is certainly a lot to like. Revenue was better than expected. Annual active customers rose by 40%. Jumia’s marketplace revenue — a business model that Amazon also uses — surged 38%. Gross profit climbed 38% as well. And payment volume on its digital payment platform popped 106%! These are great stats that point to more growth in the future. Still, the stock is being sold off today after the massive rally shares have seen. And that’s okay. I don’t want you to panic because of a little volatility. Our $7 strike price is still 44% lower than the stock’s current price. Don’t worry about the latest drop. This is still a company we want exposure to, and shares are likely heading higher from here. Eedeppudu recommend chesado kooda naaku gurthu ledu, I don't have this.. |