GRVY Stock Summary and Trading Ideas (Gravity Co. Ltd. - American Depositary Shares Each Representing One Common Share. | NASDAQ:GRVY)

GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. Its principal product, Ragnarok Online, is an online game which is available in more than 91 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.

Gravity Co. Ltd. - American Depositary Shares Each Representing One Common Share. trades on the NASDAQ stock market under the symbol GRVY.

As of May 6, 2024, GRVY stock price climbed to $68.19 with 32,695 million shares trading.

GRVY has a beta of 1.38, meaning it tends to be more sensitive to market movements. GRVY has a correlation of 0.19 to the broad based SPY ETF.

GRVY has a market cap of $473.85 million. This is considered a Small Cap stock.

In the last 3 years, GRVY stock traded as high as $146.00 and as low as $36.08.

The top ETF exchange traded funds that GRVY belongs to (by Net Assets): APIE, SPDW, GWX.

GRVY has underperformed the market in the last year with a price return of +22.7% while the SPY ETF gained +28.3%. However, in the short term, GRVY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.4% vs +4.8% return in SPY. But in the last 2 weeks, GRVY shares have been beat by the market, returning +2.6% compared to an SPY return of +4.3%.

GRVY support price is $65.81 and resistance is $69.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRVY stock will trade within this expected range on the day.