GRAVITY Co Ltd (NASDAQ: GRVY) stock closed at $66.44 on 8/9/24 after a major decline of -11.1%. Moreover, exceptionally high trading volume at 303% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -14.6% 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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. GRAVITY has a slightly positive Power Rating of 60 and a very high Appreciation Score of 94, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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