Top Metaverse Stocks to Monitor
NVIDIA, Accenture, and Globant have emerged as the leading Metaverse stocks to keep an eye on, according to MarketBeat’s stock screener analysis. Metaverse stocks represent shares in publicly traded companies that are engaged in the development or support of the underlying technology, hardware, software, platforms, and services that create immersive virtual and augmented reality experiences. Investors are drawn to these stocks as they seek to capitalize on the expected expansion of interconnected digital realms where users can interact, work, engage in entertainment, and conduct transactions. The companies mentioned have recently recorded the highest trading volumes among Metaverse stocks.
NVIDIA Corporation (NVDA)
NVIDIA Corporation is a major player in the field of graphics, computing, and networking solutions, operating in regions such as the United States, Taiwan, China, and Hong Kong, among others. The company’s Graphics segment features GeForce GPUs aimed at gaming and PCs, the GeForce NOW game streaming service, and various solutions for gaming platforms. Additionally, NVIDIA offers Quadro/NVIDIA RTX GPUs for enterprise-level graphics, virtual GPU (vGPU) software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and software for creating and managing metaverse and 3D internet applications. On Wednesday, shares of NASDAQ NVDA experienced a decline of $0.60, ending the day at $140.62. The trading volume for the day was 101,552,212 shares, significantly lower than its average volume of 282,589,465. The company boasts a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.34, and a price-to-earnings-growth ratio of 1.76. NVIDIA’s stock has seen a low of $86.62 and a high of $195.95 over the past year. Its debt-to-equity ratio stands at 0.13, while the current and quick ratios are 4.10 and 3.64, respectively.
Accenture plc (ACN)
Accenture plc is a global professional services firm that provides a variety of services, including strategy and consulting, technology and operations, and industry-specific solutions. Its offerings encompass application services such as agile transformation, DevOps, and software modernization, as well as intelligent automation technologies like robotic process automation and natural language processing. Additionally, Accenture delivers data management strategies, analytics solutions, and sustainability services. During trading on Wednesday, Accenture’s shares rose by $2.57, reaching a price of $315.47. A total of 843,732 shares changed hands, which is lower than the company’s average trading volume of 2,962,063. Accenture’s quick ratio is reported at 1.47, matching its current ratio, and the debt-to-equity ratio is 0.17. Over the past twelve months, the stock has traded as low as $275.01 and as high as $398.35. The firm has a market capitalization of $197.59 billion, a price-to-earnings ratio of 26.47, and a price-to-earnings-growth ratio of 3.23.
Globant S.A. (GLOB)
Globant S.A., along with its subsidiaries, delivers a range of technology services across the globe. The company specializes in digital solutions that include blockchain, cloud technology, cybersecurity, data analytics, and performance optimization, among others. Globant also provides enterprise technology solutions that cover Agile organization practices, cultural transformation, and process optimization, utilizing platforms like AWS, Google Cloud, Microsoft, Oracle, and Salesforce. On Wednesday, Globant’s shares increased by $1.29, bringing the stock price to $97.87. The trading volume for the day was 296,741 shares, compared to an average of 697,388. Globant’s stock has seen a twelve-month low of $88.03 and a high of $238.32. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 26.31, and a price-to-earnings-growth ratio of 2.38.
