Gravity Co., LTD. (GRVY) stock has gained 7.46% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GRVY Stock Today?
Gravity Co., LTD. (GRVY) stock has risen 5.66% while the S&P 500 is lower by -1.86% as of 3:34 PM on Tuesday, Oct 27. GRVY has gained $6.79 from the previous closing price of $120.11 on volume of 31,568 shares. Over the past year the S&P 500 has gained 11.90% while GRVY has gained 298.21%. GRVY earned $4.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 31.59.
To see the top 5 stocks in the Electronic Gaming & Multimedia industry click here.
More About Gravity Co., LTD.
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 90 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Ragnarok Clicker, and Ragnarok Prequel II. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.
Click Here to get the full Stock Score Report on Gravity Co., LTD. (GRVY) Stock.
