Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Gravity Co., LTD. (ADR) before investing.

In this article, we go over a few key elements for understanding Gravity Co., LTD. (ADR)’s stock price such as:

• Gravity Co., LTD. (ADR)’s current stock price and volume
• Why Gravity Co., LTD. (ADR)’s stock price changed recently
• Upgrades and downgrades for GRVY from analysts
• GRVY’s stock price momentum as measured by its relative strength

About Gravity Co., LTD. (ADR) (GRVY)

Before we jump into Gravity Co., LTD. (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Gravity Co., Ltd. is a developer, distributor and publisher of online games in Japan and Taiwan. The Company's segments include online games, mobile games and other. Its principal product includes Ragnarok Online, which is a multiplayer online role playing game. It categorizes products into over three categories, such as online games; mobile games and applications, and other games and game-related products and services, including character-based merchandise and animation. It offers over five online games, such as Ragnarok Online, Ragnarok Online II, Requiem, Dragonica (Dragon Saga) and R.O.S.E. Online, which are action adventure massively multiplayer online role-playing games (MMORPG). It develops mobile games, including Ragnarok Online-Uprising: Valkyrie, Ragnarok Online Mobile Story and Ragnarok Violet, and also publishes mobile games licensed from third parties. It provides games for game consoles and handheld game consoles, such as Nintendo DS, Xbox 360 and the PlayStation series.

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Gravity Co., LTD. (ADR)’s Stock Price as of Market Close

As of August 12, 2024, 4:00 PM, CST, Gravity Co., LTD. (ADR)’s stock price was $63.57.

Gravity Co., LTD. (ADR) is down 4.32% from its previous closing price of $66.44.

During the last market session, Gravity Co., LTD. (ADR)’s stock traded between $64.46 and $69.00. Currently, there are 6.95 million shares of Gravity Co., LTD. (ADR) stock available for purchase.

Gravity Co., LTD. (ADR)’s price-earnings (P/E) ratio is currently at 5.2, which is low compared to the Online Services industry median of 28. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Gravity Co., LTD. (ADR) Stock Price History

Gravity Co., LTD. (ADR)’s (GRVY) price is currently down 19.6% so far this month.

During the month of August, Gravity Co., LTD. (ADR)’s stock price has reached a high of $80.31 and a low of $62.55.

Over the last year, Gravity Co., LTD. (ADR) has hit prices as high as $88.85 and as low as $59.00. Year to date, Gravity Co., LTD. (ADR)’s stock is up 57.66%.

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What Caused Gravity Co., LTD. (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 09, 2024, there were analysts who downgraded Gravity Co., LTD. (ADR)’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Gravity Co., LTD. (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Gravity Co., LTD. (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Gravity Co., LTD. (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Gravity Co., LTD. (ADR) (GRVY) by visiting AAII Stock Evaluator.

Relative Price Strength of Gravity Co., LTD. (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 09, 2024, Gravity Co., LTD. (ADR) has a weighted four-quarter relative price strength of -6.68%, which translates to a Momentum Score of 42 and is considered to be Average.

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Gravity Co., LTD. (ADR) Stock Price: Bottom Line

As of August 12, 2024, Gravity Co., LTD. (ADR)’s stock price is $63.57, which is down 4.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Gravity Co., LTD. (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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