Top Metaverse Stocks to Monitor
NVIDIA, Accenture, Globant, Everbright Digital, and SK Telecom are the leading Metaverse stocks to keep an eye on, as identified by MarketBeat’s stock screener tool. These stocks represent shares of publicly traded firms that are actively engaged in creating and enhancing immersive virtual environments. This sector encompasses a variety of companies, from manufacturers of virtual reality (VR) and augmented reality (AR) headsets to software developers of three-dimensional social platforms and content creators. Investors are drawn to these stocks to capitalize on the anticipated expansion of next-generation internet technologies that allow users to engage in persistent, shared digital realms. Recently, these companies recorded the highest dollar trading volumes among Metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation specializes in delivering graphics, computing, and networking solutions across the globe, including the United States, Taiwan, China, and Hong Kong. Its Graphics division provides GeForce GPUs tailored for gaming and personal computers, along with the GeForce NOW game streaming service and the necessary infrastructure. The company also offers Quadro/NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU (vGPU) software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse software for developing and managing metaverse and 3D internet applications. During midday trading on Friday, NVDA shares increased by $2.03, reaching $159.28. A total of 143,716,055 shares changed hands, compared to the average trading volume of 268,139,289. The firm’s fifty-day moving average stands at $136.38, while its two-hundred-day moving average is $127.84. Over the past year, the stock has experienced a low of $86.62 and a high of $160.98. Currently, NVIDIA boasts a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.41, and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39, and a debt-to-equity ratio of 0.10.
Accenture (ACN)
Accenture plc, recognized as a global professional services firm, specializes in offering strategy and consulting, industry X, song, and technology and operation services. The company provides a wide range of application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, and data management. Additionally, it specializes in intelligent automation, which encompasses robotic process automation, natural language processing, and virtual agents. Accenture’s offerings also include software engineering services, strategy and consulting, data and analytics strategy, and services that promote data democratization, as well as metaverse and sustainability solutions. On Friday, shares of NYSE:ACN rose by $2.29 during midday trading, reaching $304.58. The trading volume totaled 1,616,133 shares, compared to an average of 2,902,190. The firm’s fifty-day simple moving average is $309.55, while the two-hundred-day simple moving average is $329.68. Accenture’s market capitalization is approximately $190.76 billion, with a P/E ratio of 24.25, a PEG ratio of 2.86, and a beta of 1.29. The company reports a debt-to-equity ratio of 0.16, and both its current and quick ratios are at 1.46, with a one-year low of $273.19 and a one-year high of $398.35.
Globant (GLOB)
Globant S.A. and its subsidiaries deliver technology services on a global scale, offering digital solutions that encompass blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experiences, and performance. The company also provides enterprise technology solutions and services, including Agile organization, Cultural Hacking, and process optimization, along with technology solutions from AWS, Google Cloud, Microsoft, Oracle, Salesforce, SAP, and ServiceNow. During midday trading on Friday, shares of NYSE: GLOB increased by $1.13 to reach $92.36, with a trading volume of 345,103 shares, compared to an average volume of 729,269. The company maintains a quick ratio and current ratio of 1.56, along with a debt-to-equity ratio of 0.13. Globant has a market cap of $4.07 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.83, and a beta of 1.20. The stock has fluctuated between a fifty-two week low of $86.02 and a high of $238.32.
Everbright Digital (EDHL)
Everbright Digital is a comprehensive marketing solutions provider based in Hong Kong, heavily focused on the metaverse and related technologies. The company is dedicated to delivering all-in-one digital marketing services that support businesses at every stage of their growth. Their revenue model revolves around creating customized marketing solutions tailored to the unique needs of clients, especially in the context of evolving media landscapes. During midday trading on Friday, NASDAQ:EDHL shares rose by $0.11, reaching $6.14, with a total of 3,916,613 shares traded compared to an average volume of 1,107,772. The firm has a fifty-day moving average of $4.75. Over the past year, Everbright Digital’s stock has seen a low of $3.51 and a high of $6.66.
SK Telecom (SKM)
SK Telecom Co., Ltd. is a prominent provider of wireless telecommunications services in South Korea. The company operates through three main segments: Cellular Services, Fixed-Line Telecommunications, and Other Businesses. Within the Cellular Services segment, SK Telecom offers wireless voice and data transmission, Internet of Things (IoT) solutions, platform and cloud services, smart factory solutions, subscription services, advertising, and curated shopping under the T Deal brand, along with metaverse platform services and the sale of wireless devices. On Friday, shares of NYSE:SKM experienced a decline of $0.21 during midday trading, reaching $23.58, with 198,520 shares changing hands compared to an average volume of 315,632. The company’s fifty-day simple moving average is $21.55, while the two-hundred-day simple moving average is $21.60. SK Telecom holds a market capitalization of $9.29 billion, with a P/E ratio of 9.74, a price-to-earnings-growth ratio of 2.47, and a beta of 0.64. The stock has ranged from a twelve-month low of $19.84 to a high of $24.58, with a debt-to-equity ratio of 0.55, a quick ratio of 0.86, and a current ratio of 0.88.
