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This Gaming Growth Stock Is Down Over 30% From Record Highs: Buy or Sell?

Gravity (NASDAQ: GRVY) is a growing gaming company that should at least have a place on your watchlist. Gravity currently owns the Franchise of Ragnarok, a trendy game with multiple titles in South Korea. The current market cap is around $900M, and it is down over 40% from its all-time highs (as of midday February 25).

These are 3 growth catalysts for Gravity that investors should know about:

  1. Gravity is expanding to other countries, mainly focusing on South East Asia (Taiwan, Thailand, Indonesia, Vietnam, and more).
  2. Gravity is also entering new game genres. They have partnered up with the NBA for mobile gaming and are creating an authentic baseball game based on the Chinese Professional Baseball League's license.
  3. Gaming companies are still showing expansion, mainly in the mobile gaming world. A market that Gravity is currently focusing on.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jose Najarro owns shares of Alphabet (C shares) and Gravity. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool has a disclosure policyJose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.


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