In yesterday’s Wall Street session, Sea Ltd ADR (NYSE:SE) shares traded at $85.01, up 3.17% from the previous session.
SE stock price is now 15.87% away from the 50-day moving average and 43.71% away from the 200-day moving average. The market capitalization of the company currently stands at $44.95B.
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With the price target enhanced from $66 to $90, JP Morgan Upgraded its rating from Neutral to Overweight for Sea Ltd ADR (NYSE: SE). On June 25, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $84 to quote $78, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Alpha Ally Holdings Limited, Affiliate bought 640,000 shares of the company’s stock on Sep 17 ’24. The stock was bought for $51,123,200 at an average price of $79.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Affiliate SeaEagle Holdings Ltd bought 600,000 shares of the business’s stock. A total of $50,076,000 was incurred on buying the stock at an average price of $83.46. A total of 1.32% of the company’s stock is owned by insiders.
During the past 12 months, Sea Ltd ADR has had a low of $34.35 and a high of $83.69. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.49, and a quick ratio of 1.48. The fifty day moving average price for SE is $73.5702 and a two-hundred day moving average price translates $59.39175 for the stock.
The latest earnings results from Sea Ltd ADR (NYSE: SE) was released for 2024-06-30. The net profit margin was -1.39% and return on equity was -3.02% for SE. The company reported revenue of $3.81 billion for the quarter, compared to $3.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.97 percent.
