Sea Ltd ADR (NYSE: SE) 52-Week High Located At $88.39, Forget The Dips, Just Ride The Rips

Sea Ltd ADR (NYSE:SE) does about 6.64M shares in volume on a normal day but saw 4990322 shares change hands in Monday trading. The company now has a market cap of 33.50B USD. Its current market price is $64.52, marking an increase of 2.64% compared to the previous close of $62.86. The 52 week high reached by this stock is $88.39 whilst the lowest price level in 52 weeks is $34.35.

Sea Ltd ADR (SE) has a 20-day trading average at $57.32 and the current price is -27.01% off the 52-week high compared with 87.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $54.81 and its 200-day simple moving average is $45.94. If we look at the stock’s price movements over the week, volatility stands at 3.68%, which increases to 4.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.51 to suggest the stock is overbought.

The consensus objective for the share price is $72.88, suggesting that the stock has a potential upside of 11.47% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 24, 2024 when Loop Capital upgraded the stock to “Buy” and issued a price target of between $59 and $92. Morgan Stanley also upgraded the stock to “Overweight” from Equal-Weight on April 22, 2024 at a price target of $65-$70. BofA Securities upgraded its price target at $62-$70.

Sea Ltd ADR (SE) stock is up 8.56% over the week and 20.13% over the past month. Its price is 59.31% year-to-date and -13.66% over the past year.

To reach the target analysts have set, the stock logically needs to grow 11.47 percent from here.

The company has a return on investment of 1.42% and return on equity of 2.41%. The price to earnings ratio (P/E ratio) amounts to 285.49 while the forward price to earnings ratio is 28.92. The beta has a value of 1.45. Price to book ratio is 5.60 and price to sales ratio is 2.56.