Sea Limited (NYSE: SE) has been a winning investment since its debut on the public markets in 2017, returning 229% compared to the S&P 500's 57%. In a recent example, Sea's Q3 of 2022 delighted Wall Street and shares popped 36% the day after the report. For investors who have been considering buying shares, this sudden share price appreciation may make it seem like the opportunity has been missed.
Shares of Sea Limited (NYSE: SE), southeast Asia's leading internet company, continue their wild ride. Sea's e-commerce business Shoppee is expected to reach breakeven by the end of 2023, but its profitable video game segment Garena (led by the global hit Free Fire) still struggles as many gamers return to work or school. With a long and hard road ahead of it, is now the time to buy Sea stock?
Instead, some of its peers abroad continue to grow rapidly, a factor that might lead investors to consider Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), or Sea Limited (NYSE: SE) as the new top e-commerce stocks. Also, due to efforts to keep the cost of net revenue down, its $317 million in net income during the period surged 146% year over year.