In the latest trading session, 1.65 million Sea Ltd ADR (NYSE:SE) shares changed hands as the company’s beta touched 1.50. With the company’s most recent per share price at $53.79 changed hands at -$1.77 or -3.19% at last look, the market valuation stands at $27.93B. SE’s current price is a discount, trading about -65.16% off its 52-week high of $88.84. The share price had its 52-week low at $34.35, which suggests the last value was 36.14% up since then. When we look at Sea Ltd ADR’s average trading volume, we note the 10-day average is 5.51 million shares, with the 3-month average coming to 6.97 million.
Sea Ltd ADR (NYSE:SE) trade information
Instantly SE was in red as seen in intraday trades today. With action -3.93%, the performance over the past five days has been red. The drop to weekly highs of 57.28 subtracted -3.19% to the stock’s daily price. The company’s shares are showing year-to-date upside of 32.81%, with the 5-day performance at -3.93% in the red. However, in the 30-day time frame, Sea Ltd ADR (NYSE:SE) is 15.11% up. Looking at the short shares, we see there were 22.85 million shares sold at short interest cover period of 3.87 days.
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 33.97% over the past 6 months, a 42.65% in annual growth rate that is considerably higher than the industry average of 19.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Sea Ltd ADR will fall -100.00%, while the growth in revenue is estimated to hit -81.50% for the next quarter. Year-over-year growth is forecast to reach 14.90% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $3.5 billion. 5 analysts are of the opinion that Sea Ltd ADR’s revenue for the quarter ending Jun 2024 will be $3.66 billion. The company’s revenue for the corresponding quarters a year ago was $3.04 billion and $3.2 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.10%. The estimates for the next quarter sales put growth at 14.40%. The 2024 estimates are for Sea Ltd ADR earnings to increase by 331.22%.
Sea Ltd ADR (NYSE:SE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.02% of Sea Ltd ADR shares while 60.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.99%.
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.
