You might want to take a look at Sea Limited (SE) now

Sea Limited (NYSE: SE) stock jumped 2.91% on Friday to $79.49 against a previous-day closing price of $77.24. With 3.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.96 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $80.27 whereas the lowest price it dropped to was $74.70. The 52-week range on SE shows that it touched its highest point at $372.70 and its lowest point at $54.06 during that stretch. It currently has a 1-year price target of $160.92. Beta for the stock currently stands at 1.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SE was up-trending over the past week, with a rise of 10.68%, but this was up by 15.10% over a month. Three-month performance dropped to -10.37% while six-month performance fell -47.12%. The stock lost -71.74% in the past year, while it has lost -64.47% so far this year. A look at the trailing 12-month EPS for SE yields -3.87 with Next year EPS estimates of -3.32. For the next quarter, that number is -1.09. This implies an EPS growth rate of -13.30% for this year and 26.10% for next year.

Float and Shares Shorts:

At present, 556.22 million SE shares are outstanding with a float of 358.16 million shares on hand for trading. On Jul 14, 2022, short shares totaled 20.42 million, which was 3.63% higher than short shares on Jun 14, 2022. In addition to Mr. Xiaodong Li as the firm’s Founder, Chairman & Group CEO, Mr. Feng Zhimin serves as its Group Pres.

Institutional Ownership:

Through their ownership of 60.26% of SE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.91% of SE, in contrast to 23.31% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SE with 5.56% of the stake, T. Rowe Price Associates, Inc. holds 28,610,989 shares worth 28,610,989. A second-largest stockholder of SE, Sands Capital Management LLC, holds 20,100,417 shares, controlling over 3.91% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in SE, holding 17,293,004 shares or 3.36% stake. With a 1.39% stake in SE, the T Rowe Price Blue Chip Growth Fun is the largest stakeholder. A total of 7,170,237 shares are owned by the mutual fund manager. The American Funds EuroPacific Growth, which owns about 1.27% of SE stock, is the second-largest Mutual Fund holder. It holds 6,550,540 shares valued at 437.97 million. T Rowe Price Growth Stock Fund holds 0.89% of the stake in SE, owning 4,580,171 shares worth 306.23 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SE since 35 analysts follow the stock currently. There are 26 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SE analysts setting a high price target of $180.00 and a low target of $60.00, the average target price over the next 12 months is $124.32. Based on these targets, SE could surge 126.44% to reach the target high and fall by -24.52% to reach the target low. Reaching the average price target will result in a growth of 56.4% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SE will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of -$2.03 being high and -$5.96 being low. For SE, this leads to a yearly average estimate of -$4.24. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sea Limited surprised analysts by $0.50 when it reported -$0.80 EPS against a consensus estimate of -$1.30. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.74 and the low estimate is -$1.41. The average estimate for the next quarter is thus -$1.11.

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