Sea Limited [NYSE: SE] closed the trading session at $47.01 on 10/24/22. The day’s price range saw the stock hit a low of $42.71, while the highest price level was $47.02. The company report on August 16, 2022 that Sea Limited Reports Second Quarter 2022 Results.
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Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the second quarter ended June 30, 2022.
“Our solid results for the quarter reflect our continued progress in enhancing efficiency and strengthening our ecosystem,” said Forrest Li, Sea’s Chairman and Group Chief Executive Officer. “Shopee’s unit economics improved significantly driven by gains in both monetization and efficiency across our markets, even as we sustained a healthy growth rate against tough comparisons. At Garena, we saw positive outcomes from our focus on user retention and efforts to bring more engaging experiences to our large global games community, with quarterly active users stable quarter-on-quarter. We also benefited from expanding synergies between Shopee and SeaMoney as our underserved user base adopted more of our financial products and services, resulting in strong growth and narrowing losses at SeaMoney.”.
The stocks have a year to date performance of -78.99 percent and weekly performance of -11.18 percent. The stock has been moved at -47.49 percent over the last six months. The stock has performed -12.64 percent around the most recent 30 days and changed -34.54 percent over the most recent 3-months.
If compared to the average trading volume of 6.29M shares, SE reached to a volume of 7235742 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $114.39 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 1.90. 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.
Daiwa Securities have made an estimate for Sea Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 11, 2022, representing the official price target for Sea Limited stock. Previously, the target price had yet another drop from $250 to $105, while JP Morgan kept a Neutral rating on SE stock. On January 28, 2022, analysts decreased their price target for SE shares from 460 to 300.
The Average True Range (ATR) for Sea Limited is set at 3.59, with the Price to Sales ratio for SE stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 4.86, with the Price to Cash per share for the same quarter was set at 16.65.
SE stock trade performance evaluation
Sea Limited [SE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.18. With this latest performance, SE shares dropped by -12.64% in over the last four-week period, additionally sinking by -47.49% over the last 6 months – not to mention a drop of -86.77% 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 32.35, with the RSI for the last a single of trading hit 29.09, and the three-weeks RSI is set at 34.98 for Sea Limited [SE]. The present Moving Average for the last 50 days of trading for this stock 59.81, while it was recorded at 48.44 for the last single week of trading, and 92.75 for the last 200 days.
Sea Limited [SE]: An insightful look at the core fundamentals
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 1.90 and a Current Ratio set at 1.90.
Sea Limited [SE]: Insider Ownership positions
There are presently around $13,749 million, or 74.60% 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 28,188,004, which is approximately -1.478% of the company’s market cap and around 14.27% of the total institutional ownership; SANDS CAPITAL MANAGEMENT, LLC, holding 20,470,449 shares of the stock with an approximate value of $962.32 million in SE stocks shares; and BAILLIE GIFFORD & CO, currently with $795.4 million in SE stock with ownership of nearly -2.158% of the company’s market capitalization.
Positions in Sea Limited stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 308 institutional holders increased their position in Sea Limited [NYSE:SE] by around 35,935,323 shares. Additionally, 325 investors decreased positions by around 42,831,729 shares, while 91 investors held positions by with 213,703,821 shares. The mentioned changes placed institutional holdings at 292,470,873 shares, according to the latest SEC report filing. SE stock had 63 new institutional investments in for a total of 5,192,025 shares, while 143 institutional investors sold positions of 4,128,034 shares during the same period.