Limited Sea (New York Stock Exchange: SE) stocks closed higher on Wednesday, extending their seven-day winning streak of 26.6%.
The company's shares closed up 2.61% at $76.80, just off their 52-week high of $78.25. The stock has gained 34.97% in value over the past 12 months.
So far in August, SE has closed in the red for three trading days. During the month of July, it closed in positive numbers for 9 of the 22 sessions.
Looking at Seeking Alpha's quantitative ratings, the company has a Hold rating with a score of 3.31 out of 5. The company received a B for profitability and an A- for its growth prospects. The stock also earned a D- for its valuation compared to a D six months ago.
As for the Wall Street community, about 24 out of 32 analysts in the last 90 days gave the stock a Buy or better recommendation, 7 recommended Hold and 1 recommended Strong Sell.
Seeking Alpha analysts are bullish and rate the stock as a buy.
The company recently reported its second-quarter results, beating estimates, helped by strength in its e-commerce units.
“Sea Limited is likely to offer attractive returns for shareholders over the long term. However, short-term growth rates may be threatened by increasing competition,” reads a report from Seeking Alpha analyst Curonian Research.
Another report by Seeking Alpha analyst Akim Guerreiro noted that Sea Limited's stock has risen 80% year-to-date, limiting upside and increasing risk due to competition, making it less attractive to short-term investors. The company's three-fold growth in digital financial services, e-commerce and digital entertainment segments in Southeast Asia shows strong long-term growth potential, he added.
