Is Sea Limited Stock a Buy Now?
The behavior of Sea Limited (NYSE: SE) stock over the last few months may seem baffling. It began surging last fall following a strong report for the third quarter of 2022, only to give back most of those gains. That has delayed its recovery from the 2022 bear market, and it is still down more than 80% from its all-time highs.
However, Sea Limited has turned profitable. And with all but one segment reporting rapid growth numbers, it could still pull off a turnaround as conditions improve.
Admittedly, investors no longer seem optimistic about Sea Limited stock. Shares began the year having bounced off their bear market lows. But following the company's first-quarter report, the entertainment stock fell hard on the negative performance by its gaming division, Garena.
Source Fool.com
