Southeast Asian super-app Sea Limited (NYSE: SE) was a darling of the pandemic, with shares reaching as high as $372.70 in late 2021. But a post-pandemic hangover in e-commerce and video games combined with increased Chinese competition led this former darling to lose more than 90% of that value at one point.

Yet, the stock saw strong gains after its fourth-quarter earnings release on Monday, March 5. Still, even after this recent surge, Sea's stock remains 85% below those all-time highs.

Sea's fourth-quarter report showed all three of its businesses either stabilizing or growing strongly. With a recovery in sight, is it possible for Sea to reach its 2021 highs ever again?

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Source Fool.com