Sea Limited Is Down 40% From Its High. Is It a Buy?
Shares of the technology giant Sea Limited (NYSE: SE) have been on a roller-coaster ride in 2021. After reaching a high of $372.70 on Oct. 19, the stock tanked by almost 41% to close at $219.60 on Dec. 27.
Much of this fall can be attributed to the general tech stock sell-off, triggered by rising concerns surrounding global economic recovery amid a surge of COVID-19 infections, as well as the U.S. Federal Reserve's planned interest rate hikes for the coming year. The Fed's slowing pace of bond-buying to clamp down on rising inflation was also a factor in the sell-off. The company is still not profitable, something that assumes greater importance in the minds of investors during times of economic uncertainty.
Despite these challenges, there are a lot of factors that can make Sea a winning stock in 2022. Let's look at a few important ones.
Source Fool.com
