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Tag: SE stock

  • Sea Limited (SE) declined in the current market; here is why?

    Sea Limited (SE) declined in the current market after announcing its fourth quarter and fiscal 2021 results. SE values at $134.33, losing more than 7.73% compared to yesterday’s closing price. The stock closed at $145.60 at the end of the last trading session. The stock volume traded in the previous trading session was around 11.03 million shares. The current market cap of the company is about $81.21 billion.

    SE: Q4 and Fiscal 2021 Key Financials

    • Sea Limited’s revenue in Q4 2021 was $3.2 billion. It is an increase of more than 105% compared to the revenue of $1.5 billion in Q4 2020.
    • Fiscal 2021 revenue was $9.9 billion, 1275 more than the revenue of $4.3 billion in fiscal 2020.
    • The company’s net loss in Q4 2021 was around $616 million, 17.5% more than compared to the net loss of $524 million in Q4 2020.
    • SE net loss in fiscal 2021 was around $1.5 billion, 25.8% more than compared to the net loss of $1.3 billion in fiscal 2020.
    • The Q4 2021 loss per share was $0.88, compared to a net loss of $0.87 of Q4 2020.
    • For fiscal 2021, the loss per share was $2.96, compared to $2.78 in fiscal 2020.

    SE 2022 Guidance

    We now project digital entertainment bookings to reach between US$2.9 billion and US$3.1 billion in 2022. Following the fourth quarter and into this year, we have seen a slowdown in online activity and swings in user engagement.

    Also, owing to unexpected government measures, Free Fire is presently inaccessible in India on Google Play and iOS. The advice considers these headwinds. While we estimate reservations for 2022 to be comparable to those for 2020, we have factored in the uncertainty in India.

    The company expects e-commerce revenue to be between $8.9 and $9.1 billion. The midpoint is a 75.7% increase from 2021. SE expects digital financial services revenue to be between US$1.1 and US$1.3 billion. The midpoint indicates a 155.4 percent increase from 2021.

    Conclusion

    The company is expecting to resolve the issue of Free Fire in India as they have a significant chunk of market share there. The uncertain situation of the current ban on Free Fire in India will affect the upcoming quarters.

  • Electronic Gaming & Multimedia Stocks in the Spotlight ‎

    There is a wide range of industry classifications for listed companies that can select ‎investment ‎opportunities of their choice. Gaming is one such field in the world of ‎investment that has achieved ‎enough momentum. A new generation of gaming and related ‎firms has flourished with the ‎advancement of technology, with younger demographics on ‎the rise worldwide. ‎

    ‎ Around the world, corporations are exploring innovative gaming concepts, developing new ‎types of ‎games to keep customers engaged, and making profits for themselves and their ‎shareholders. ‎
    From cell phones to computers to PCs, Gaming companies are the latest betting destination ‎for those ‎who are bold enough to take a shot at the stocks of gaming companies.‎

    ‎ How many of the wide range of stocks in the gaming industry produced the highest returns ‎this year? ‎Which of those in the long list of gaming stocks was among the winners?‎
    ‎

    Activision Blizzard Inc. (NASDAQ:ATVI) shares were trading up 2.16% at $90.37 ‎at the time of writing on Friday.‎

    Activision Blizzard Inc. (NASDAQ:ATVI) share price went from a low point ‎around $50.51 to briefly over $89.35 in past 52 weeks, though shares have since pulled back to $90.37. ‎ATVI market cap has remained high, hitting $68.37B at the time of writing, giving it price-to-sales ratio ‎of more than 8.‎

    If we look at the recent analyst rating ATVI, Deutsche Bank upgraded coverage ‎on ATVI shares with a Buy rating and a $96.53 price target, which implies room for ‎‎6.16% upside momentum this year.‎

    Bilibili Inc. (BILI) last closed at $84.68, in a 52-week range of $17.47 to $82.84. ‎Analysts have a consensus price target of $66.51.‎

    Electronic Arts Inc. (EA) stock soar by 1.97% to $142.61. The company on ‎December 14, 2020 reported that it has reached an agreement with the Board of Codemasters for the ‎recommended acquisition of Codemasters, the UK-based game developer and publisher. The most ‎recent rating by JP Morgan, on December 16, 2020, is at a Neutral.‎

    Glu Mobile Inc. (NASDAQ:GLUU) Shares headed falling, lower as much as -‎‎2.83%. The most recent rating by Goldman, on September 01, 2020, is at a Buy.

    ‎The9 Limited (NASDAQ:NCTY) rose 10.51% after gaining more than $0.33 on ‎Friday. The company on November 20, 2020 revealed that it will hold its annual general meeting of ‎shareholders at the 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People’s ‎Republic of China on December 22, 2020 at 2:00 p.m., Shanghai time.

    ‎Sea Limited (SE) last closed at $200.35, in a 52-week range of $35.61 to $212.33. ‎Analysts have a consensus price target of $202.94. The company on December 11, 2020 reported an ‎upsize and pricing of offering of American Depositary Shares.

    ‎Take-Two Interactive Software Inc. (TTWO) stock soar by 3.03% to $203.39. The ‎most recent rating by JP Morgan, on December 16, 2020, is at a Neutral.

    ‎Zynga Inc. (NASDAQ:ZNGA) Shares headed rising, higher as much as 3.43%. The ‎game developer company recently declared pricing of offering of $762 million of convertible senior ‎notes. The most recent rating by JP Morgan, on December 16, 2020, is at an Overweight.

  • What changed for these 49 stocks in Pre-Market Session?

    What changed for these 49 stocks in Pre-Market Session?

    Fuel Tech Inc. (FTEK) stock plunged -8.8% to $1.14 in the pre-market trading after the technology company offered advanced engineering solutions for the optimization of combustion, pollution control, and water treatment systems in utility and industrial applications, financial results for the third quarter were officially published. The most recent rating by H.C. Wainwright, on March 13, 2020, is at a Neutral.

    Equillium Inc. (NASDAQ: EQ) shares are trading down -4.17% at $4.83 at the time of writing after on November 11, the company announced quarterly results for the third quarter of 2020. The company’s 52-week range was noted as $2.20 to $27.05. Analysts have a consensus price target of $24.

    Immuron Limited (IMRN) tumbled over -4.17% at $8.05 in pre-market trading today. US DoD Naval Medical Research Center Reports Positive Immunological Responses to Vaccine.

    Infinity Pharmaceuticals Inc. (INFI), a Biotechnology company, dropped about -6.62% at $1.41 in pre-market trading Thursday following an earnings surprise of -6.67 percent was revealed by the company. It was anticipated a quarter ago that this drugmaker would report a loss of $0.20 per share when it actually posted a $0.16 loss, providing a 20 percent surprise.
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    Tellurian Inc. (TELL) stock moved down -5.6 percent to $1.18 in the pre-market trading following the company finished the third quarter of 2020, with cash and cash equivalents of roughly $77.9 million and current borrowings of about $80.8 million. The balance sheet of Tellurian accounted for about $293.3 million in total assets.

    Co-Diagnostics Inc. (CODX) gained over 5.19% at $13.99 in pre-market trading Thursday 12 November 2020. Co-Diagnostics, Inc. CoPrimers™ Shown to be Effective in COVID-19 Saliva PCR Tests Without Sample Extraction.

    Abeona Therapeutics Inc. (ABEO) is down more than -3.85% at $1.25 in pre-market hours Thursday 12 November 2020 after a front-runner in gene and cell therapy, revealed quarterly results and business updates. The stock had jumped over 13.04% to $1.30 in the last trading session.

    Before the trading started on 12 November 2020, MannKind Corporation (MNKD) is down -3.57% to reach $2.7. It has been trading in a 52-week range of $0.80 to $2.52.

    RAVE Restaurant Group Inc. (RAVE) stock plunged -11.84% to $0.67 in the pre-market trading. The most recent rating by ROTH Capital, on May 12, 2016, is at a Neutral.

    Dada Nexus Limited (NASDAQ: DADA) shares are trading up 5.08% at $32.7 at the time of writing. The company’s 52-week range was noted as $14.60 to $37.38. Analysts have a consensus price target of $36.

    FuelCell Energy Inc. (FCEL) tumbled over -1.49% at $2.65 in pre-market trading today.

    Zoom Video Communications Inc. (ZM), a Telecom Services company, rose about 3.38% at $427.3 in pre-market trading Thursday.

    Canaan Inc. (CAN) stock moved up 3.05 percent to $2.7 in the pre-market trading.

    Muscle Maker Inc. (GRIL) lost over -9.6% at $1.79 in pre-market trading Thursday 12 November 2020.

    Moderna Inc. (MRNA) is up more than 5.03% at $86.59 in pre-market hours Thursday 12 November 2020. The stock had jumped over 8.40% to $82.44 in the last trading session. Moderna Has Completed Case Accrual for First Planned Interim Analysis of its mRNA Vaccine Against COVID-19 (mRNA-1273).

    Before the trading started on 12 November 2020, Coty Inc. (COTY) is down -3.89% to reach $4.45 after the company topped analysts’ outlook and surged as much as 22.2% on Nov 6 following its first-quarter fiscal 2021 results. It has been trading in a 52-week range of $2.65 to $13.01.

    Pinduoduo Inc. (PDD) stock soared 17.53% to $131.0 in the pre-market trading following an innovative and emerging tech firm and one of the top Chinese e-commerce players, revealed its unaudited financial results for the third quarter ended September 30, 2020. The most recent rating by Goldman, on November 03, 2020, is a Buy.

    Sea Limited (NYSE: SE) shares are trading up 3.48% at $175.01 at the time of writing following the news recently that pharmaceutical companies are closing on their COVID-19 vaccine candidates. The company’s 52-week range was noted as $30.50 to $187.75. Analysts have a consensus price target of $164.

    GrowGeneration Corp. (GRWG) grew over 7.26% at $22.46 in pre-market trading today after GrowGeneration reported record third-quarter 2020 Financial Results.

    Blink Charging Co. (BLNK), a Specialty Retail company, rose about 5.09% at $10.73 in pre-market trading Thursday.

    LightInTheBox Holding Co. Ltd. (LITB) stock moved up 3.31 percent to $2.5 in the pre-market trading.

    Bionano Genomics Inc. (BNGO) gained over 14.13% at $0.639 in pre-market trading Thursday 12 November 2020. Multi-Center Evaluation of Bionano Optical Genome Mapping by Cytogenetics Thought Leaders in the US Leads to Recommendation for Bionano’s Saphyr to Replace Karyotyping as First-Line Test for Detection and Identification of Structural and Copy Number Variants in Leukemia Patients.

    Vroom Inc. (VRM) is down more than -9.88% at $36.77 in pre-market hours Thursday 12 November 2020 following Vroom reported third Quarter 2020 results. The stock had jumped over 6.56% to $40.80 in the last trading session.

    Before the trading started on 12 November 2020, Turkcell Iletisim Hizmetleri A.S. (TKC) is up 3.16% to reach $5.23. It has been trading in a 52-week range of $4.36 to $6.36.

    Himax Technologies Inc. (HIMX) stock soared 12.2% to $4.6 in the pre-market trading after the prediction of Revenue to surge by approx. 10% consecutively and Gross Margin to get close to 29%. The most recent rating by Credit Suisse, on April 01, 2020, is at an Outperform.

    Qualigen Therapeutics Inc. (NASDAQ: QLGN) shares are trading down -10.03% at $3.23 at the time of writing. The company’s 52-week range was noted as $3.29 to $21.50.

    NovaBay Pharmaceuticals Inc. (NBY) grew over 8.82% at $0.67 in pre-market trading today.

    IMAC Holdings Inc. (IMAC), a Medical Care Facilities company, rose about 146.1% at $2.05 in pre-market trading Thursday. IMAC Holdings, Inc. Expands Missouri Footprint with Acquisition of Lockwood Chiropractic in Webster Groves.

    Sino-Global Shipping America Ltd. (SINO) stock moved up 62.18 percent to $3.13 in the pre-market trading.

    InVivo Therapeutics Holdings Corp. (NVIV) lost over -3.21% at $0.555 in pre-market trading Thursday 12 November 2020.

    Castor Maritime Inc. (CTRM) is up more than 18.5% at $0.1595 in pre-market hours Thursday 12 November 2020 after the company posted fiscal Results for the Three Months and Nine Months Ended September 30, 2020. The stock had jumped over 4.95% to $0.13 in the last trading session.

    Before the trading started on 12 November 2020, Just Energy Group Inc. (JE) is down -13.28% to reach $5.29 as a retail energy provider specializing in electricity and natural gas commodities, revealed its quarterly results for the fiscal year 2021. It has been trading in a 52-week range of $4.27 to $93.72.

    OraSure Technologies Inc. (OSUR) stock soared 4.55% to $14.02 in pre-market trading after the company recently topped its 3rd quarter fiscal earnings predictions. The most recent rating by Evercore ISI, on August 21, 2020, is at an Outperform.

    Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading up 4.17% at $3.75 at the time of writing after the news that Bitcoin might take off again after a big gap. The company’s 52-week range was noted as $0.51 to $4.58.

    NortonLifeLock Inc. (NLOK) tumbled over -7.02% at $18.68 in pre-market trading today despite the earnings beat in the recent week.

    NIO Limited (NIO), an Auto Manufacturers company, rose about 3.41% at $44.55 in pre-market trading Thursday after the analyst’s prediction that NIO can be the main player in the Electric Vehicle market.

    JD.com Inc. (JD) stock moved up 5.38 percent to $87.3 in the pre-market trading following the news that JD.com was the largest US seller in China on Singles day.

    Kandi Technologies Group Inc. (KNDI) gained over 8.84% at $6.77 in pre-market trading Thursday 12 November 2020 despite its disappointing sales results in the financial 3rd quarter of this year.

    ICL Group Ltd (ICL) is up more than 3.11% at $3.98 in pre-market hours Thursday 12 November 2020 as the company topped analysts’ outlook on every front. The stock had jumped over 3.21% to $3.86 in the last trading session.

    Before the trading started on 12 November 2020, Uxin Limited (UXIN) is down -3.81% to reach $1.01 after the news that the company’s proprietary rating system has been introduced that assesses and determines the quality of a used vehicle, offers greater precision to make the decision-making process simpler for consumers and enhances the overall consumer experience. The stock has been trading in a 52-week range of $0.72 to $3.30.

    Baozun Inc. (BZUN) stock soared 3.07% to $40.57 in pre-market trading after the news that the stock still carries a great potential for investors. The most recent rating by Credit Suisse, on June 03, 2020, is at an Outperform.

    XpresSpa Group Inc. (NASDAQ: XSPA) shares are trading up 4.47% at $1.87 at the time of writing after the news that the firm to offer Business Update and will reveal Third Quarter 2020 Financial Results on November 16, 2020. The company’s 52-week range was noted as $0.15 to $8.82.

    KE Holdings Inc. (BEKE) grew over 3.48% at $72.02 in pre-market trading today after the news that the company will announce its quarterly report on November 16, 2020.

    Revolve Group Inc. (RVLV), an Internet Retail company, dropped about -8.96% at $20.43 in pre-market trading Thursday after the company Announced Third Quarter 2020 Financial Results with topping all analysts predictions.
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    American Tower Corporation (REIT) (AMT) stock moved up 2.75 percent to $245.0 in the pre-market trading after the reports that the company took over InSite Wireless Group for USD 3.5 billion.

    BIO-key International Inc. (BKYI) gained over 16.2% at $0.52 in pre-market trading Thursday 12 November 2020.

    Liminal BioSciences Inc. (LMNL) is up more than 11.19% at $4.57 in pre-market hours Thursday 12 November 2020 after the report that the firm will reschedule its announcement of quarterly results and conference call. The stock had jumped over 2.49% to $4.11 in the last trading session.

    Before the trading started on 12 November 2020, GoHealth Inc. (GOCO) is down -4.5% to reach $12.73. It has been trading in a 52-week range of $10.02 to $26.25.

    XPeng Inc. (XPEV) stock soared 10.53% to $37.06 in pre-market trading after the company unveiled upbeat quarterly results. The most recent rating by Citigroup, on November 04, 2020, is a Buy.