One of Tuesday's biggest premarket movers hails from Singapore. The stock popped after Sea posted a surprise quarterly profit of $422.8 million, on revenue of $3.5 billion .
Sea stock surged during the pandemic . At its peak in October 2021, the company was worth more than $200 billion. But like many U.S. tech stocks, the shares fell as interest rates rose in 2022.
Sea's shares have steadied since November, when results suggested it had pivoted from burning cash to secure market share to focusing on turning a profit. Sea was worth about $37 billion as of Monday's close. However, I feel that the valuation is still high and it is still unclear if the company can remain profitable in the next quarter.
@Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger
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- XantheJuliana·2023-03-09SE came out of a base on Tuesday, popped and went from 65, and change, to 81.50, and finished at 80, up 14.25, or 22%, on 51 million shares traded. I’m looking for an extension test of the 95 zone and above.LikeReport
- fishinglo·2023-03-09Slowly back to $40 which still be overpriced 21B cap to company that losing -2B a year with 6B debtLikeReport
- YvetteGunther·2023-03-09the future will not be easy with increased pressure on interest rates, but there is well over 100% potential from now. So tomorrow will be another up day when institutional investors get the rain.LikeReport
- YeddaJohnson·2023-03-09Good support around $78. Up from there?LikeReport
- Des79·2023-03-07I was being alert by Tiger, SEA sudden announced make profit. So I quickly invest what I have left the bank. Hope Hua.1Report
- troy并不难·2023-03-08他妈盈利了不行不盈利也不行，你应该去投资可口可乐搞笑了LikeReport
- AuntieAaA·2023-03-08Nice DayLikeReport
- hotwheels·2023-03-07[smile]1Report
- Joker_Smile·2023-03-07up or down.1Report
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