|Bid||41.20 x 1400|
|Ask||41.79 x 800|
|Day's range||40.64 - 42.19|
|52-week range||34.87 - 88.84|
|Beta (5Y monthly)||1.74|
|PE ratio (TTM)||97.12|
|Earnings date||13 Nov 2023 - 17 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||68.53|
For most of September, shares of Sea Limited (NYSE: SE) drifted lower along with the S&P 500. Investors were celebrating a new challenge for social media company TikTok, a key competitor to Sea's e-commerce business Shopee. Indonesia has reportedly banned e-commerce transactions for social media apps and given them one week to comply, as reported by Reuters.
Sea Limited (NYSE: SE) has been a problem child for investors over the last two years as evidenced by the 88% decline in the stock price from its peak of $367. Investors are concerned about whether Shopee can be a profitable business long term and whether Garena can stem the decline in its revenue. While these concerns are real, Sea delivered an encouraging third consecutive quarter of net profits.
In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $43.95, marking a +1.92% move from the previous day.