Aug. 4 at 11:45 PM
Similar to
$DDI,
$GRVY holds lots of cash per share. Currently holding about ~
$56 in cash & equivalents for a
$63 stock. Gravity is strongly known for their IP, Ragnarok Online ("RO").
Their IP has a strong nostalgic fanbase, however the company has tarnished the name for many North Americans due to their mismanagement of the IP. They are infamously known for churning out P2W mobile games using RO IP as a hook.
That being said, there is a new catalyst which I am personally excited to try - which is the future release of Ragnarok Online 3. The game style itself brings back a lot of nostalgia for the original fans.
I believe a lot of the old-time gamers, who are now busy adults, will realize they don't have the time to dedicate to traditional RO style grind. I think many of them will at least give this game a try, I believe the possibility of them enjoying some paid aspect as well as auto battler is a possibility... given that the game is high quality and enjoyable.
