Sea Limited [NYSE: SE] gained 5.69% or 4.52 points to close at $84.01 with a heavy trading volume of 4605918 shares. The company report on August 2, 2022 that Sea Limited to Report Second Quarter 2022 Results.
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Sea Limited (NYSE: SE) (“Sea” or the “Company”) plans to announce its second quarter 2022 results before the U.S. market opens on August 16, 2022, U.S. Eastern Time.
The Company’s management will host a conference call to discuss the second quarter 2022 results. A live webcast of this conference call will be available on the Company’s website.
It opened the trading session at $81.00, the shares rose to $84.74 and dropped to $80.7353, the range by which the price of stock traded the whole day. The daily chart for SE points out that the company has recorded -47.14% loss over the past six months. However, it is still -55.4% lower than its most recent low trading price.
If we look at the average trading volume of 6.94M shares, SE reached to a volume of 4605918 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sea Limited [SE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SE shares is $160.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SE stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Sea Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 11, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $250 to $105. The new note on the price target was released on March 04, 2022, representing the official price target for Sea Limited stock. Previously, the target price had yet another drop from $460 to $300, while Goldman kept a Buy rating on SE stock.
The Average True Range (ATR) for Sea Limited is set at 5.00, with the Price to Sales ratio for SE stock in the period of the last 12 months amounting to 4.27. The Price to Book ratio for the last quarter was 7.46, with the Price to Cash per share for the same quarter was set at 15.60.
Trading performance analysis for SE stock
Sea Limited [SE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.22. With this latest performance, SE shares gained by 11.51% in over the last four-week period, additionally sinking by -47.14% over the last 6 months – not to mention a drop of -70.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SE stock in for the last two-week period is set at 60.17, with the RSI for the last a single of trading hit 66.39, and the three-weeks RSI is set at 55.86 for Sea Limited [SE]. The present Moving Average for the last 50 days of trading for this stock 75.89, while it was recorded at 78.77 for the last single week of trading, and 156.22 for the last 200 days.
Sea Limited [SE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Sea Limited [SE] shares currently have an operating margin of -18.79 and a Gross Margin at +38.32. Sea Limited’s Net Margin is presently recorded at -20.56.
Return on Equity for this stock declined to -37.99, with Return on Assets sitting at -14.02.
Sea Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
An analysis of insider ownership at Sea Limited [SE]
There are presently around $24,950 million, or 60.40% of SE stock, in the hands of institutional investors. The top three institutional holders of SE stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 28,610,989, which is approximately 1.921% of the company’s market cap and around 32.91% of the total institutional ownership; SANDS CAPITAL MANAGEMENT, LLC, holding 20,100,417 shares of the stock with an approximate value of $1.69 billion in SE stocks shares; and BAILLIE GIFFORD & CO, currently with $1.45 billion in SE stock with ownership of nearly 72.93% of the company’s market capitalization.
Positions in Sea Limited stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 370 institutional holders increased their position in Sea Limited [NYSE:SE] by around 61,412,221 shares. Additionally, 412 investors decreased positions by around 47,499,556 shares, while 68 investors held positions by with 188,072,247 shares. The mentioned changes placed institutional holdings at 296,984,024 shares, according to the latest SEC report filing. SE stock had 81 new institutional investments in for a total of 5,263,122 shares, while 201 institutional investors sold positions of 8,918,372 shares during the same period.