In yesterday’s Wall Street session, Sea Ltd ADR (NYSE:SE) shares traded at $117.12, down -0.25% from the previous session.
SE stock price is now 14.82% away from the 50-day moving average and 53.94% away from the 200-day moving average. The market capitalization of the company currently stands at $61.93B.
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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, Devon Court Limited, Affiliate bought 500,000 shares of the company’s stock on Nov 27 ’24. The stock was bought for $56,965,000 at an average price of $113.93. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Affiliate Perennial Spring Limited bought 122,000 shares of the business’s stock. A total of $14,192,260 was incurred on buying the stock at an average price of $116.33. 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 $118.16. 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 $65669074944, which is based on a 695.49 price-to-earnings ratio, a 14.08 price-to-earnings-growth ratio, and a beta of 1.53. The fifty day moving average price for SE is $101.541 and a two-hundred day moving average price translates $75.7182 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.
