In today’s briefing:
- Sea Limited – Too Early To Call For The Bottom
Sea Limited – Too Early To Call For The Bottom
- In our last update, the stock was around $250, and we called for a reality check in progress which might have led to a sharp revision in the price.
- We were right! As of 1st February 2022, the stock is trading at $150 per share and is 40% down since our last update on December 10th, 2021.
- This is a clear signal that analysts were overoptimistic, and we believe they will continue adjusting estimates over the next quarters. SE is still going through a reality check which might not be yet over.
Before it’s here, it’s on Smartkarma
