Stocks of Sea Ltd ADR (NYSE:SE) traded higher last session on Wall Street, up 0.69% to $114.46.
SE stock price is now 19.20% away from the 50-day moving average and 57.84% away from the 200-day moving average. The market capitalization of the company currently stands at $60.53B.
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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, Macromind Investments Ltd, Entity affiliated with Directo bought 1,701,945 shares of the company’s stock on Nov 13 ’24. The stock was bought for $183,214,379 at an average price of $107.65. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Other: Affiliate COAST BRIDGE INVESTMENTS LIMIT bought 519,210 shares of the business’s stock. A total of $50,617,783 was incurred on buying the stock at an average price of $97.49. A total of 1.45% 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 $117.52. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.62, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $64100454400, which is based on a 679.69 price-to-earnings ratio, a 13.76 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for SE is $95.2946 and a two-hundred day moving average price translates $72.1548 for the stock.
The latest earnings results from Sea Ltd ADR (NYSE: SE) was released for 2024-09-30. The net profit margin was 0.63% and return on equity was 1.36% for SE. The company reported revenue of $4.33 billion for the quarter, compared to $3.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.76 percent.
