The trading price of Sea Ltd ADR (NYSE:SE) floating higher at last check on Tuesday, March 12, closing at $58.82, 0.70% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 263.77, while its 5Y monthly beta was 1.49. In examining the 52-week price action we see that the stock hit a 52-week high of $88.84 and a 52-week low of $34.35. Over the past month, the stock has gained 35.19% in value.
Sea Ltd ADR, whose market valuation is $30.54 billion at the time of this writing, is expected to release its quarterly earnings report May 14, 2024 – May 20, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0.49 for 2024 and $1.4 for 2025. It means analysts are expecting annual earnings per share growth of 96.00% this year and 185.70% next year.
Analysts have forecast the company to bring in revenue of $3.5 billion for the current quarter, with the likely lows of $3.28 billion and highs of $3.8 billion. The average estimate suggests sales will likely up by 15.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $15 billion. The company’s revenue is forecast to grow by 14.80% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Sea Ltd ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that SE’s price is currently 20.12% off the SMA20 and 36.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 81.75, and weekly volatility stands at 4.11%. When measured over the past 30 days, the indicator reaches 4.44%. Sea Ltd ADR (NYSE:SE)’s beta value is currently sitting at 1.48, while the Average True Range indicator is currently displaying 2.26.
To see how Sea Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: SE stock’s performance was 0.70% at last check in today’s session, and -19.92% in the past year. Sea Ltd ADR has a P/E ratio of 263.77.
An evaluation of the daily trading volume of Sea Ltd ADR (NYSE:SE) indicates that the 3-month average is 8.07 million. However, this figure has increased over the past 10 days to an average of 11.96 million.
Currently, records show that 519.23 million of the company’s shares remain outstanding. The insiders hold 1.76% of outstanding shares, whereas institutions hold 57.41%. The stats also highlight that short interest as of Feb 29, 2024, stood at 22.85 million shares, resulting in a short ratio of 3.87 at that time. From this, we can conclude that short interest is 4.02% of the company’s total outstanding shares. It is noteworthy that short shares in February were down slightly from the previous month’s figure, which was 24.21 million. However, since the stock’s price has seen 45.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
