Top Metaverse Stocks to Monitor
NVIDIA, Accenture, and Globant have emerged as the leading stocks in the Metaverse sector, as highlighted by MarketBeat’s stock screener. Metaverse stocks refer to shares in companies that are involved in creating, supporting, or profiting from immersive virtual and augmented reality experiences. This encompasses a broad spectrum of businesses, including hardware manufacturers, game development studios, social media platforms, and network service providers. Investors are drawn to these stocks in hopes of capitalizing on the anticipated expansion of interconnected digital environments where users engage through avatars, buy and sell virtual items, and enjoy various social and commercial activities. Recently, these companies reported the highest trading volume among Metaverse-related stocks.
NVIDIA Corporation
NVIDIA Corporation is a key player in the graphics, computing, and networking sectors, operating across various regions including the U.S., Taiwan, China, and Hong Kong. The company’s Graphics division produces GeForce GPUs tailored for gaming and personal computers, alongside the GeForce NOW game streaming service and related infrastructure. Additionally, NVIDIA provides enterprise-grade Quadro and RTX GPUs, virtual GPU software for cloud services, automotive platforms, and tools for developing and managing Metaverse and 3D internet applications. On Thursday, NVIDIA’s stock saw an increase of $5.18, reaching $139.99, with a trading volume of 242,872,548 shares against an average of 287,016,317. The company boasts a market valuation of $3.42 trillion, a P/E ratio of 55.19, and a price-to-earnings-growth ratio of 1.76. Financial metrics include a debt-to-equity ratio of 0.13, a current ratio of 4.10, and a quick ratio of 3.64. Over the past year, NVIDIA’s stock has fluctuated between a low of $86.62 and a high of $195.95.
Accenture plc
Accenture plc stands as a global professional services firm, offering a wide array of services including strategy and consulting, technology operations, and industry-specific solutions. The company specializes in application services that facilitate agile transformations, DevOps, modernization, and enterprise architecture. Accenture also excels in intelligent automation, data management, and analytics strategies, alongside solutions tailored for the Metaverse and sustainability. On Thursday, Accenture’s stock increased by $1.37, closing at $317.36 with a trading volume of 1,190,221 shares, lower than its average of 3,275,456. The company holds a market capitalization of $198.77 billion, a P/E ratio of 26.62, and a price-to-earnings-growth ratio of 3.23. Key financial indicators include a debt-to-equity ratio of 0.17, and both a current and quick ratio of 1.47. Accenture’s stock has experienced a low of $275.01 and a high of $398.35 over the past year.
Globant S.A.
Globant S.A. operates globally, providing a range of technology services that include digital solutions in blockchain, cloud computing, cybersecurity, data management, and artificial intelligence. The company also offers services related to digital experiences, performance, and engineering, as well as enterprise technology solutions that encompass Agile methodologies and process optimization. On Thursday, Globant’s shares dipped by $0.27 to $98.64, with a trading volume of 402,208 shares, less than its average of 1,003,754. The firm has a market capitalization of $4.34 billion, a P/E ratio of 26.51, and a price-to-earnings-growth ratio of 2.38. Financial metrics indicate a beta of 1.37, with a fifty-day moving average of $113.92 and a two-hundred-day moving average of $171.07. Globant’s stock has fluctuated between a low of $88.03 and a high of $238.32 in the last year.
