Tuesday, September 28, 2021

Why is Sea Limited (SE) stock increasing rapidly?

Sea Limited (NYSE: SE), an online gaming, e-commerce, and digital payments company, reported strong earnings in the first quarter of 2021. Company revenue growth remained three digits, an effective SE stock growth rate of 4.19 %, to $208, per share.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Sea Limited’s revenue was $ 1.8 billion in the last quarter, up by 146.7 % YoY. A 212.1 % increase in gross profit brought $ 645.4 million. In adjusted EBITDA terms, there are $88.1 million in the positive figure. Comparatively, it was negative $ 69.9 million last year. A larger market share of more expensive services led to increased margins for the company.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


IT platforms are developed by Sea Limited (NYSE: SE) for online commerce, entertainment, and digital media. A 117.4 % increase in revenues occurred in the digital entertainment segment in the first quarter, to $ 1.1 billion and a 61.4% increase in subscribers, to 648.8 million. Sales increased by 250.4 %, reaching $ 922.3 million in the e-commerce segment. There were $3.4 billion in payments through the Sea Limited app for the first quarter of 2021, three times more than in the same quarter last year. The number of users reached 26 million.

Sea Limited expects digital entertainment to reach $4.3 – $4.5 billion by the end of 2021, and e-commerce to reach $4.5 – $4.7 billion. Free Fire, popular in Latin America, Southeast Asia, and India, is expected to maintain its positive momentum. COVID-19 led to a significant increase in sales for Sea Limited. Although strong growth persists, it indicates a high level of user engagement in Sea Limited’s ecosystem.

Sea Limited (SE) has advanced by 5.10% to $238.23 in the current market on Thursday. SE closed the previous trading session at $226.66. A share’s price range was between $218.32 and $226.68. It traded 2.65 million shares, which was below its daily average of 4.19 million shares over 100 days. SE’s shares have gained by 6.20% in the last five days, while they have lost -4.14% in the last month. The company has a price to book ratio of 33.14.

Latest news

What Led The Viper Networks (VPER) Stock To Increase 16% On Friday?

At the previous close, Viper Networks Inc was soaring at $0.0150 as it gained 16.28%. There were 103.98M shares traded for VPER stock...

Has IPIX Stock Risen Last Session For A Reason?

Innovation Pharmaceuticals Inc recorded a gain of 14.67 percent to $0.2626 at the previous close. Volume in IPIX stock was 2.34M compared to...

What Caused Valiant Eagle (PSRU) Stock to Skyrocket Last session rising 91%?

The shares of Valiant Eagle, Inc. (OTCPink: PSRU) ended the day up 91.55 percent at $0.0136, and have been fluctuating in price between $0.0138...

PagerDuty Inc. (PD) Generates $67.5 Million Revenue in Q2

Cloud software provider PagerDuty Inc. (NYSE: PD) released its second-quarter report last week. The company beat Wall Street predictions in terms of revenue and...

Related news

What Led The Viper Networks (VPER) Stock To Increase 16% On Friday?

At the previous close, Viper Networks Inc was soaring at $0.0150 as it gained 16.28%. There were 103.98M shares traded for VPER stock...

Has IPIX Stock Risen Last Session For A Reason?

Innovation Pharmaceuticals Inc recorded a gain of 14.67 percent to $0.2626 at the previous close. Volume in IPIX stock was 2.34M compared to...

What Caused Valiant Eagle (PSRU) Stock to Skyrocket Last session rising 91%?

The shares of Valiant Eagle, Inc. (OTCPink: PSRU) ended the day up 91.55 percent at $0.0136, and have been fluctuating in price between $0.0138...

PagerDuty Inc. (PD) Generates $67.5 Million Revenue in Q2

Cloud software provider PagerDuty Inc. (NYSE: PD) released its second-quarter report last week. The company beat Wall Street predictions in terms of revenue and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam