The stock of Sea Ltd ADR (NYSE:SE) last traded at $98.96, down -0.41% from the previous session.
SE stock price is now 16.22% away from the 50-day moving average and 51.99% away from the 200-day moving average. The market capitalization of the company currently stands at $52.33B.
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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, COAST BRIDGE INVESTMENTS LIMIT, Other: Affiliate bought 519,210 shares of the company’s stock on Oct 01 ’24. The stock was bought for $50,617,783 at an average price of $97.49. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Affiliate Sea of Stars Ltd bought 50,000 shares of the business’s stock. A total of $4,715,500 was incurred on buying the stock at an average price of $94.31. 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 $101.01. 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 $85.1466 and a two-hundred day moving average price translates $65.1075 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.
