In today’s recent session, 1.73 million shares of the Sea Ltd ADR (NYSE:SE) have been traded, and its beta is 1.51. Most recently the company’s share price was $80.72, and it changed around -$1.6 or -1.94% from the last close, which brings the market valuation of the company to $42.69B. SE at last check was trading at a discount to its 52-week high of $83.69, offering almost -3.68% off that amount. The share price’s 52-week low was $34.35, which indicates that the recent value has risen by an impressive 57.45% since then. We note from Sea Ltd ADR’s average daily trading volume that its 10-day average is 5.63 million shares, with the 3-month average coming to 4.86 million.
Sea Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended SE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Sea Ltd ADR is expected to report earnings per share of 0.25 for the current quarter.
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Sea Ltd ADR (NYSE:SE) trade information
Instantly SE has been showing red trend so far today with a performance of -1.94% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 83.69 on recent trading dayincreased the stock’s daily price by 3.55%. The company’s shares are currently up 99.31% year-to-date, but still down -1.61% over the last five days. On the other hand, Sea Ltd ADR (NYSE:SE) is 24.11% up in the 30-day period. We can see from the shorts that 16.62 million shares have been sold at a short interest cover period of 3.29 day(s).
The consensus price target as assigned by Wall Street analysts is $92, which translates to bulls needing to increase their stock price by 12.26% from its current value. Analyst projections state that SE is forecast to be at a low of $50 and a high of $462.2228005.
Sea Ltd ADR (SE) estimates and forecasts
Sea Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 69.05 percent over the past six months and at a 47.79% annual growth rate that is well above the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 196.20% in revenue this quarter, and will report an increase of 252.60% in the next quarter. The year-over-year growth rate is expected to be 21.30%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 4B in revenue for the current quarter. 7 analysts expect Sea Ltd ADR to make 4.42B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.31B and 3.62B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.90%. Forecasts for the next quarter put sales growth at 22.10%.
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Sea Ltd ADR’s next quarterly earnings report is expected to be released in September.
Sea Ltd ADR (NYSE:SE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.97% of Sea Ltd ADR shares, and 61.88% of them are in the hands of institutional investors. The stock currently has a share float of 87.12%. Sea Ltd ADR stock is held by 901.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-06-30, it held 6.0021% of the shares, which is about 34.27 million shares worth $2.45 billion.
FMR LLC, with 4.9218% or 28.1 million shares worth $2.01 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Investment Managers Ser Tr-WCM Focused International Growth Fd and Fidelity Advisor Growth Opportunities Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 6.97 shares worth $560.5 million, making up 1.32% of all outstanding shares. On the other hand, Fidelity Advisor Growth Opportunities Fund held roughly 5.9 shares worth around $474.48 million, which represents about 1.12% of the total shares outstanding.
