Crooz Shares Up Again Despite ACR Drift

Posted 16:39 EST on 05MAR2014 by: indie navi news staff in news » acr drift, crooz, ragnabreak, the knights of avalon

Although sales revenue from its iOS racing title ACR Drift remains stagnant, Crooz’s share price rose 1,000 yen on the release of The Knights of Avalon and the announcement of tie-ins for The Knights of Avalon and social game Ragnabreak. Crooz’s share price finished the trading day at 6,760 yen.

Despite being selected as “best new app” in 89 countries, ACR Drift has turned unremarkable sales. As of today, ACR Drift sits at 232nd place in the U.S. and 227th place in Japan in terms of sales.

The Knights of Avalon and Ragnabreak are both available through DeNA‘s social gaming platform Mobage. The tie-ins with beverage producer Asahi and convenience store chain Lawson will bring attention to the established titles.

News source: Social Game Info

Crooz Share Price at Week Low as ACR Drift Posts Unremarkable Sales

Posted 12:57 EST on 02MAR2014 by: indie navi news staff in news » acr drift, crooz, financial reports

Investor excitement over Crooz’s iOS racing title ACR Drift has cooled as the title has failed to post noteworthy sales, bringing the company’s share price back to its value one week prior.

As of today, March 2nd, ACR Drift ranks 196th in sales in the U.S. App Store games category and 210th in Japan.

Image source: Yahoo Finance

Image source: App Annie

Crooz’s share price doubled in the course of just one week on positive buzz for ACR Drift, and reached a head when the title was selected as “best new app” in the App Store in 89 different countries.

However, after reaching a high of 7,000 yen ($70) on February 26th, Crooz’s share price dropped sharply on the 27th as investors became concerned the company’s share price was overvalued.

Image source: Yahoo Finance

Unremarkable sales results for ACR Drift have lent support to this stance, and as of today investors are taking a “wait and see” approach until the title improves its sales through positive word of mouth, or through promotions and additional content from Crooz.

News source: Social Game Info

Crooz Share Price Doubles in Seven Days

Posted 19:40 EST on 26FEB2014 by: indie navi news staff in news » acr drift, crooz, financial reports

February 26th: shares in Crooz continued to grow in value, ending the day at 7,000 yen ($70) per share, twice their value just one week ago. The rise in the value of shares in Crooz is attributed to high expectations for the company’s mobile racing title ACR Drift, which was promoted as “best new app” in the App Store in 89 different countries.

With this rise in share price, shares in Crooz have gone from their lowest price since mid-December to approaching a record high, doubling in value in the space of only seven days of trading.

However, indicative of concerns on the part of some investors that Crooz’s shares may be overvalued, the share price fell slightly toward the end of the day’s trading, and as of the morning of the 27th, Crooz’s share price is vacillating between 6,900 and 7,000 yen.

News source: Social Game Info

Crooz Shares Soar as ACR Drift Selected “Best New Title” in 89 Countries

Posted 16:55 EST on 21FEB2014 by: indie navi news staff in news » acr drift, crooz, financial reports

February 21st: shares in Crooz met the company’s maximum allowable single-day gain of 700 yen to finish at 5,500 yen ($55.00) apiece. This is a rise of 14.6 percent from the previous day’s final share price.

Throughout the morning of the 21st, Crooz’s share price vacillated on the combination of high expectations of ACR Drift (released February 20th) and concerns that the company’s large-scale procurement of funds would dilute share value.

However, around 13:00 reports began to circulate that ACR Drift had been selected for “best new app” in the App Store of 89 different countries, rocketing Crooz’s share price from just shy of 4,800 yen to its allowed single-day limit of 5,500 yen, in the space of 15 minutes.

Image source: Social Game Info

Titles selected as “best new app” are well-placed on the App Store, so it’s reasonable to expect that the title will receive a large number of downloads over the weekend. In turn this will likely translate into positive word-of-mouth buzz for ACR Drift, which had already been receiving attention for its intuitive controls and slick 3D graphics.

News source: Social Game Info