Jumia Technologies AG (NYSE:JMIA) saw its stock soar 5.47% in pre-market trading on Wednesday, as investors eagerly anticipate the company's upcoming Investor Day scheduled for November. The event has sparked renewed interest in the e-commerce platform's future prospects, particularly its strategies in logistics and fintech.

The surge comes amid an impressive 30-day share price return of 34% for Jumia, contributing to a year-to-date gain of over 200%. This recent momentum reflects growing optimism about the company's long-term potential, despite a slightly negative five-year total shareholder return. Investors are keenly awaiting management's outline of key strategies and updates on growth initiatives during the November event.

However, the stock's rapid ascent has also ignited debate among analysts. While some view Jumia as undervalued with more room for growth, others argue that the market may have already priced in future expansion. The most popular valuation narrative suggests the stock could be overvalued by as much as 70%, with a fair value estimate of just under $7 compared to its current trading price of $11.89. As Jumia continues its expansion into underserved markets in Africa, investors will be closely monitoring how the company addresses challenges such as logistical and digital infrastructure limitations that could impact its growth trajectory.