GRAVITY Co Ltd (NASDAQ: GRVY) stock enjoyed a major increase of 11.2% on 5/10/24. The shares closed at $74.52. Moreover, this advance was accompanied by exceptionally high trading volume at 362% of normal. The stock has performed in line with the market over the last nine months and has risen 12.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GRVY is expected to continue to be a Value Builder.
GRAVITY has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. GRAVITY has a very high Appreciation Score of 94 but a neutral Power Rating of 46, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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