Jumia Technologies AG (JMIA)

Jumia Technologies saw a 22.3% stock rally after RBC analyst Brad Erickson raised its price target from $6.50 to $15, citing potential revenue growth and cost reduction opportunities in African e-commerce markets.

All Talentz successfully hosted its first hackathon, bringing together African tech talents to develop innovative solutions in healthcare, education, and employment. Team Imago won with an AI-powered maternal healthcare ultrasound device, receiving ₦10 million and a trip to TechCrunch Disrupt 2025.

Three stocks - BioXcel Therapeutics, Telos, and Jumia - have shown significant momentum gains, with substantial price increases and strong performance in Benzinga's momentum rankings over the past week.

Jumia Technologies stock plunged 53.82% after reporting disappointing Q2 results, including a revenue decline and continued losses. The company plans to raise capital through a share offering, potentially diluting existing shareholder value.

Jumia Technologies (JMIA) closed the most recent trading day at $7.28, moving +1.39% from the previous trading session.