Down 90%, What's Next for Sea Limited Stock?
The market fell in love with a few stocks in 2020 and 2021, perhaps none more so than Sea Limited (NYSE: SE). With an ambitious three-headed strategy in video games, e-commerce, and financial services, along with rapidly growing revenue, investors bid up shares over 1,000% in just a few years. A good story plays well in a bull market, and Wall Street ate this one up.
In 2022, the Sea Limited story took a turn for the worse. After reporting slowing growth and increasing operating losses, investors lost their lust for Sea Limited, with shares now down 90% from all-time highs. It didn't help that we were in a bear market with high inflation.
However, if we look at Sea Limited's business, it has started to improve its profit numbers significantly so far in 2023. Does this profit turnaround mean a brighter future for Sea Limited investors? Let's investigate.
Source Fool.com
