Retail
Jumia Technologies (NYSE: JMIA) stock price has bounced back in the past few months as investors cheered the company’s turnaround. It has soared by over 178% from its lowest level in 2023 and is up by over 75% this year alone. Turnaround is going on but risks remainJumia Technologies, commonly compared to Africa’s Amazon, is going through a turnaround after going through major challenges in the past few years. There are signs that this turnaround is going on well as evidenced by its first quarter results. The company’s revenue rose by 18.5% in Q1 to over $48.9 million. It also narrowed its ope...
Invezz
GigaCloud (NASDAQ: GCT) stock price continued its strong rally on Thursday after the company published stellar financial results. It rose by 1% in the pre-market session, reaching a high of $40, its highest point since March 15th. GigaCloud growth is acceleratingGigaCloud Technology’s business continued booming in Q1 as the company became more popular among businesses. Its revenue soared by 96.5% in Q1 to over $127.8 million, easily beating its forward guidance. It also expanded its gross margins to $26.5% while the net income soared by 71.1% to $27.2 million. Most importantly, its Gross Merch...
Invezz
Shopify stock (NYSE: SHOP) has received a boost following the release of strong first-quarter 2024 financial results. The SHOP stock had taken a beating in the pre-market hours, dropping by −12.61 (16.37%) from the previous market close of $77.37 to $64.44 on 8 May, 07:19 GMT-4. The e-commerce giant reported impressive numbers, exceeding expectations and demonstrating robust growth across various key metrics. The post Shopify stock (SHOP) gets a boost after strong Q1 earnings report appeared first on Invezz
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Ocado (LON: OCDO) share price has imploded in the past few years as concerns about its revenue and profitability growth continue. It has crashed to 360p, down from its all-time high of 2,910p in 2020. Its market cap has plummeted from over £20 billion to just £2.9 billion today Ocado’s shares have plunged as investors question its joint venture with Marks and Spencer. There are signs that the relationship is not working out fine. In a recent statement, the head of MKS said that he was not happy with the JV and that there was work to do to boost sales and profitability. There are also concerns ...
Invezz
Weakness in Target Corp (NYSE: TGT) since late March is an opportunity to buy a quality name at a discount, as per analysts at Citi. Target stock has upside to $180The investment firm raised its rating on the retail behemoth this morning to “buy”. Its shares, the analysts are convinced, could climb to $180 or 13% from here. Citi turned bullish on Target stock today as its experts now see it on a stable path after a year or two of turbulence. We believe $TGT has emerged as one of the winners within the retail landscape with an opportunity to improve EBIT margin in years to come (particularly in...
Invezz
GameStop Corp (NASDAQ: GME) has gained more than 50% in recent weeks but the gain is far from sustainable, as per a Wedbush Securities analyst. GameStop stock could crash to $5.0Michael Pachter continues to rate the video game merchandise retail company at “underperform”. His $5.0 price objective suggests about a 60% downside from here. He remains super dovish on GameStop stock as it needs more than cost cuts to boost profitability. Pachter even forecasts the firm’s demise by 2029 if its revenue continues to sink at the current pace of up to $200 million. In late March, $GME reported its finan...
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Boohoo (LON: BOO) share price will be in focus this week as the company publishes its financial results which will provide more colour about its turnaround. The stock was trading at 34.45p on Monday, a few points above the year-to-date low of 32.02p. Boohoo earnings aheadBoohoo is expected to publish its trading statement on Wednesday this week. That is according to online platforms like Hargreaves Lansdown and TipRanks. Boohoo has not put the report in its financial calendar but in the past, it has published its interim results in May. These results are important because Boohoo is currently i...
Invezz
Home Depot, the popular home improvement store, is facing a severe issue with its rental department. Recent reports suggest that the store has fallen prey to several theft schemes, resulting in a loss of over $400,000. These allegations first surfaced through Court Watch, raising concerns about the store's security measures. Earlier this month, prosecutors in Oregon charged a group of seven defendants, accusing them of conspiring in a plot to steal hefty machinery from Home Depot. The scheme consisted of the accused renting and not returning the equipment. Instead, evidence suggests that the g...
IBTimes
Children’s Place (NASDAQ: PLCE) stock price continued crashing this week, moving to a low of $6.72, its lowest point since 1998. This is a sharp collapse for a company that was trading at $155.20 in October 2022. A $10,000 investment during its peak price would now be worth about $430. Short sellers have prevailedThe Children’s Place has become one of the worst-performing companies in Wall Street this year. Its stock has plunged by more than 71% this year and by over 77% in the past 12 months. This sell-off intensified after the company warned that it would delay publishing its annual report, ...
Invezz
eBay Inc (NASDAQ: EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1. eBay stock down on muted guidanceThe stock is taking a hit primarily because the management failed to impress with its guidance. $EBAY now forecasts its revenue to fall between $2.49 billion and $2.54 billion on up to $1.15 of per-share earnings. Analysts, in comparison, were at $2.56 billion and $1.14, respectively. Jamie Iannone – the chief executive of eBay Inc said in a press release today: Our accelerating pace of innovation is fundamentally changing the sellin...
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