Jumia Technologies Stock Forum

Jumia Technologies AG's high P/S ratio may not be justified due to its recent poor revenue performance and lower-than-industry predicted growth. The elevated P/S could fall if the revenue sentiment doesn't improve, potentially disappointing investors.

Black Friday stocks are the talk of Wall Street after the commercial holiday recorded yet another record-setting year. Indeed, a number of commerce stocks are in the green today after indicators showed that U.S. Black Friday sales increased 2.5% from last year, per Mastercard SpendingPulse. Online shopping in particular ramped up even more this year, to $9.8 billion on Black Friday. That’s a 7.5% jump from last year.
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