SE Stock Recent News

The latest trading day saw Sea Limited Sponsored ADR (SE) settling at $85.71, representing a +0.82% change from its previous close.

Singapore-based software and e-commerce stock Sea Ltd (SE) hit an 18-month high of $86.37 on Thursday. The shares are now up 111% in 2024, carving out a channel of higher highs per the chart below.

Sea Limited (SE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Sea is firing on all cylinders. The company's Q2 2024 results surpassed expectations, with a 23% YoY revenue growth and an adjusted EBITDA margin of 12%. Shopee's e-commerce revenue grew 32% YoY, with GMV up 24.5%, and is expected to break even on an adjusted EBITDA basis by Q3 2024. Garena's gaming segment showed mixed results; Free Fire remains popular, but user engagement is waning despite a 21% rise in active paying users.

Sea Limited stock is closing in on its early 2023 highs, outperforming the market recently. Shopee's path to profitability is crucial, underpinning its robust buying sentiments. SeaMoney's integration with Shopee has paid off, demonstrating the competitive advantages of improved scale.

SE has demonstrated its successful reversal from the previous cash burn, significantly aided by the raised FY2024 guidance and promising consensus forward estimates. This is also why the stock is not expensive at FWD P/E of 41.70x, attributed to its relatively cheap PEG ratio of 0.53x compared to its well diversified commerce peers. If anything, SE's penetration in the advertising market remains nascent, representing "a good opportunity to improve its monetization."

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Zacks.com users have recently been watching Sea Limited (SE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) announced that it surpassed gross production revenue of US$1 million in August from its oil and gas assets.  During the month, the SASB natural gas field in the Southwestern Black Sea, offshore Türkiye achieved gas production of 133.13 million cubic feet (MMcf) for total revenue of US$1,456,400.