GRVY

GRAVITY
GRVY

$60.02

1.37%

Market Cap: $417M

About: 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.

Employees: 437

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

83% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 12

0% more funds holding

Funds holding: 52 [Q1] → 52 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

3.15% less ownership

Funds ownership: 14.0% [Q1] → 10.84% (-3.15%) [Q2]

18% less capital invested

Capital invested by funds: $73.8M [Q1] → $60.8M (-$13M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GRVY.

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Financial journalist opinion

Based on 3 articles about GRVY published over the past 30 days

Gravity: Mobile Games, International Expansion, NBA License, And Cheap

Gravity Co., Ltd. stock is undervalued despite ongoing free cash flow and net income growth, driven by new mobile games and strategic partnerships. The company's expansion into new territories and acquisition agreements could significantly increase its international user base and revenue growth. Gravity's financial health is strong, with substantial cash reserves, increasing total assets, and a rising book value per share, indicating potential stock price improvements.

Gravity: Mobile Games, International Expansion, NBA License, And Cheap

Ragnarok X: Next Generation Official Launching in China on September 13, 2024

Seoul, Sept. 13, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd (NASDAQGM: GRVY) (‘Gravity' or ‘Company'), a developer and publisher of online and mobile games, announced the official launch of ‘Ragnarok X: Next Generation (Chinese Title: 仙境传说：新启航)' in China on September 13, 2024, at 10 a.m. (CST)

Ragnarok X: Next Generation Official Launching in China on September 13, 2024

THE RAGNAROK Official Launching in South Korea on September 9, 2024

Seoul, Sept. 09, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd (NASDAQGM: GRVY) (‘Gravity' or ‘Company'), a developer and publisher of online and mobile games, announced the official launch of ‘THE RAGNAROK' in South Korea on September 9, 2024, at 11 a.m.

THE RAGNAROK Official Launching in South Korea on September 9, 2024

Gravity: The Thesis Remains Intact

Gravity is a South Korean video game developer and publisher known for its powerful Ragnarok IP in Asia. Since my last article, Gravity's stock price has fallen by 5%, primarily because of the underwhelming Ragnarok Origin release in mainland China. While the Chinese release was certainly disappointing, the original investment thesis still remains intact.

Gravity: The Thesis Remains Intact

Gravity Reports Second Quarter of 2024 Results and Business Update

Seoul, South Korea, Aug. 09, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the second quarter ended June 30, 2024, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports Second Quarter of 2024 Results and Business Update

Ragnarok Online Officially Launched in China on June 28, 2024

Seoul, South Korea, July 01, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok Online was officially launched in China on June 28, 2024. After launching, it ranked second for All New Popular Games in WeGame.

Ragnarok Online Officially Launched in China on June 28, 2024

Ragnarok: Rebirth Official Launching in Southeast Asia on June 27, 2024

Seoul, South Korea, June 28, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok: Rebirth, a mobile 3D MMORPG game, was launched in Southeast Asia on June 27, 2024. The game's publisher in Southeast Asia is Gravity Game Vision Limited ("GGV"), Gravity's subsidiary in Hong Kong.

Ragnarok: Rebirth Official Launching in Southeast Asia on June 27, 2024

Ragnarok Online Official Launching in China on June 28, 2024

Seoul, South Korea, June 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announces that Ragnarok Online will be launched in China on June 28, 2024. The game will be published in China by Shanghai Taren Network Technology Co., Ltd., and Chinese players can download the game from the official Ragnarok Online website starting on the launch day.

Ragnarok Online Official Launching in China on June 28, 2024

Correction: 仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

Seoul, South Korea, June 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境传说：破晓 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

Correction: 仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

Seoul, South Korea, June 13, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境传说：破晓 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

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