On Dec. 24, Sea Ltd. stock fell by 1 percent, while the S&P 500 rose by 0.4 percent. The stock was down $1.89 from its previous closing price of $195.07 on a volume of 1,132,200 shares. Over the past year, the S&P 500 has risen by 14.3 percent, while Sea stock has gained 394.3 percent. Is Sea stock a buy or sell at this price?
Sea Ltd. is an online game developer and publisher based in Singapore. The company’s market cap grew by nearly fivefold in 2020 to $98.7 billion. Sea was one of Asia’s top three gainers in the stock market in 2020. The company continued to grow amid the COVID-19 pandemic.
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Sea Ltd. on Stocktwits
Sea stock has become a major talking point on social media platforms. Over the past week, Sea stock has witnessed positive and steady social media sentiment. An investor named pltr_bagholder on Stocktwits said that Sea’s market cap is worth $100 billion, while Amazon’s market cap is more than $1 trillion. The investor recommends buying Sea sock if you want to earn higher returns. The stock could trade near $210 after the company reports its yearly sales numbers.
Sea Ltd. doesn't pay dividends
Currently, Sea doesn’t pay dividends.
Sea Ltd’s stock forecast?
As of 7:17 a.m. ET in pre-market trading on Dec. 28, Sea stock was up by about 0.4 percent at $194.02. The stock has fallen by 2.5 percent in the last five days, while it has risen by 394.3 percent in the last year. The stock is trading 9 percent below its 52-week high of $212.33 and 442.5 percent above its 52-week low of $35.61.
According to estimates compiled by CNN, analysts' median target price is $212.50 for Sea, which is 10.2 percent above its current stock price. Among the 18 analysts tracking Sea, 14 recommend a buy, two recommend a hold, and two recommend a sell. The highest target price of $230 is 19.3 percent above the stock's current price, while the lowest target price of $101 is 47.6 percent below the stock's current price.
Sea Ltd. stock looks like a buy
Sea stock looks like a buy based on its strong growth outlook. All three of the company's divisions — e-commerce, online gaming, and e-payment — will likely continue to benefit from the coronavirus pandemic. The company is doing aggressive marketing to gain market share. Earlier in December, Sea won a digital bank license in Singapore. As a result, the company could unlock more opportunities in the fintech sector.