In the last trading session, 10.33 million Sea Ltd ADR (NYSE:SE) shares changed hands as the company’s beta touched 1.60. With the company’s per share price at $38.52 changed hands at $0.95 or 2.53% during last session, the market valuation stood at $20.00B. SE’s last price was a discount, traded about -130.63% off its 52-week high of $88.84. The share price had its 52-week low at $34.87, which suggests the last value was 9.48% up since then. When we look at Sea Ltd ADR’s average trading volume, we note the 10-day average is 11.71 million shares, with the 3-month average coming to 8.13 million.
Analysts gave the Sea Ltd ADR (SE) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.92. If we narrow down to specifics, the data shows that 2 out of 36 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 10 recommended SE as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. Sea Ltd ADR’s EPS for the current quarter is expected to be -$0.41.
Sea Ltd ADR (NYSE:SE) trade information
Instantly SE was in green as seen at the end of in last trading. With action -16.32%, the performance over the past five days has been red. The jump to weekly highs of 42.56 on Monday, 11/20/23 added 2.53% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.97%, with the 5-day performance at -16.32% in the red. However, in the 30-day time frame, Sea Ltd ADR (NYSE:SE) is -13.65% down. Looking at the short shares, we see there were 21.65 million shares sold at short interest cover period of 3.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is $58.46, meaning bulls need an upside of 34.11% from its current market value. According to analyst projections, SE’s forecast low is $29.00 with $145.00 as the target high. To hit the forecast high, the stock’s price needs a -276.43% plunge from its current level, while the stock would need to tank 24.71% for it to hit the projected low.
Sea Ltd ADR (SE) estimates and forecasts
Data shows that the Sea Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -43.33% over the past 6 months, a 285.27% in annual growth rate that is considerably higher than the industry average of 18.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sea Ltd ADR will fall -156.90%, while the growth in revenue is estimated to hit -460.00% for the next quarter. Year-over-year growth is forecast to reach 4.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $3.42 billion. 4 analysts are of the opinion that Sea Ltd ADR’s revenue for the quarter ending Mar 2024 will be $3.28 billion. The company’s revenue for the corresponding quarters a year ago was $3.45 billion and $3.04 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.90%. The estimates for the next quarter sales put growth at 7.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.60%. The 2023 estimates are for Sea Ltd ADR earnings to increase by 142.53%.
Sea Ltd ADR is expected to release its next quarterly earnings report on November 14.
Sea Ltd ADR (NYSE:SE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.22% of Sea Ltd ADR shares while 62.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.59%.
Among Mutual Funds, the top two as of Jun 29, 2023 were Capital Research Global Investors and Baillie Gifford and Company. With 36.85 million shares estimated at $2.14 billion under it, the former controlled 7.04% of total outstanding shares. On the other hand, Baillie Gifford and Company held about 4.17% of the shares, roughly 21.8 million shares worth around $1.27 billion.