Is Major Move Coming For Sea Limited (SE) After This Bearish Wedge Down?

May 16, 2018 - By Ruby Caswell

Sea Limited (NYSE:SE) Logo

Investors sentiment decreased to 0 in Q4 2017. Its down 0.50, from 0.5 in 2017Q3. It fall, as 0 investors sold Sea Limited shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 50,690 shares or 8.23% less from 55,235 shares in 2017Q3 were reported.
Jacobs Ca has 0.53% invested in Sea Limited (NYSE:SE). Beacon Fincl Grp has 0.22% invested in Sea Limited (NYSE:SE) for 31,265 shares. Monroe Natl Bank Tru Mi owns 2,550 shares for 0.04% of their portfolio.

The stock of Sea Limited (SE) formed a down wedge with $10.94 target or 7.00 % below today’s $11.76 share price. The 8 months wedge indicates high risk for the $3.94 billion company. If the $10.94 price target is reached, the company will be worth $275.73 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 10.53% or $1.12 during the last trading session, reaching $11.76. About 2.98M shares traded or 257.68% up from the average. Sea Limited (NYSE:SE) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Sea Limited (NYSE:SE) to report earnings on May, 22. After $-0.90 actual earnings per share reported by Sea Limited for the previous quarter, Wall Street now forecasts -28.89 % EPS growth.

Sea Limited (NYSE:SE) Ratings Coverage

Among 2 analysts covering Sea Limited American Depositary Shares (NYSE:SE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sea Limited American Depositary Shares had 3 analyst reports since December 1, 2017 according to SRatingsIntel. The company was maintained on Wednesday, February 28 by Stifel Nicolaus. Piper Jaffray maintained the shares of SE in report on Wednesday, February 28 with “Buy” rating.

More notable recent Sea Limited (NYSE:SE) news were published by: Benzinga.com which released: “26 Stocks Moving In Wednesday’s Pre-Market Session” on May 16, 2018, also Streetinsider.com with their article: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” published on May 15, 2018, Businesswire.com published: “Sea Limited Reports First Quarter 2018 Results” on May 15, 2018. More interesting news about Sea Limited (NYSE:SE) were released by: Seekingalpha.com and their article: “Sea: The Red Ink Doesn’t Stop Flowing” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Sea Limited +10% amid broad revenue growth in Q1” with publication date: May 16, 2018.

Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. The company has market cap of $3.94 billion. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. It currently has negative earnings. The firm also operates Shopee e-commerce platform, a third-party marketplace that connects buyers and sellers through the Shopee mobile app and Websites.

Sea Limited (NYSE:SE) Ratings Chart

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