Sea Ltd ADR (NYSE: SE) stock jumped 2.53% on Monday to $38.52 against a previous-day closing price of $37.57. With 10.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.13 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $38.73 whereas the lowest price it dropped to was $36.95. The 52-week range on SE shows that it touched its highest point at $88.84 and its lowest point at $34.87 during that stretch. It currently has a 1-year price target of $58.46. Beta for the stock currently stands at 1.60.
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 down-trending over the past week, with a drop of -16.32%, but this was down by -13.65% over a month. Three-month performance surged to 5.48% while six-month performance fell -43.33%. The stock lost -35.73% in the past year, while it has lost -25.97% so far this year. A look at the trailing 12-month EPS for SE yields 1.12 with Next year EPS estimates of 1.11. For the next quarter, that number is -0.13. This implies an EPS growth rate of 142.53% for this year and 11.88% for next year.
Float and Shares Shorts:
At present, 519.23 million SE shares are outstanding with a float of 510.54 million shares on hand for trading. On Oct 30, 2023, short shares totaled 21.65 million, which was 3.81% higher than short shares on Sep 28, 2023. In addition to Mr. Xiaodong Li as the firm’s Founder, Chairman & Group CEO, Mr. Feng Zhimin serves as its Group President.
Through their ownership of 62.67% of SE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.64% of SE, in contrast to 23.07% held by mutual funds. As the largest shareholder in SE with 5.01% of the stake, Baillie Gifford & Co. holds 26,137,417 shares worth 26,137,417. A second-largest stockholder of SE, Fidelity Management & Research Co, holds 19,303,480 shares, controlling over 3.70% of the firm’s shares. Sands Capital Management LLC is the third largest shareholder in SE, holding 16,119,943 shares or 3.09% stake. With a 1.44% stake in SE, the American Funds EuroPacific Growth is the largest stakeholder. A total of 7,484,474 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 1.20% of SE stock, is the second-largest Mutual Fund holder. It holds 6,235,780 shares valued at 260.03 million. Fidelity Inv. Trust – Emerging Ma holds 0.98% of the stake in SE, owning 5,090,598 shares worth 212.28 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SE since 0 analysts follow the stock currently. 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 $145.00 and a low target of $29.00, the average target price over the next 12 months is $58.46. Based on these targets, SE could surge 276.43% to reach the target high and fall by -24.71% to reach the target low. Reaching the average price target will result in a growth of 51.77% from current levels.