Stocks to Watch in the Metaverse
MarketBeat’s stock screener tool has identified NVIDIA, Accenture, and Globant as key players to consider in the Metaverse sector. Metaverse stocks refer to shares of publicly traded companies that are engaged in creating or enhancing the technological framework, hardware, software, platforms, and services that facilitate immersive virtual and augmented realities. Investors are increasingly interested in these stocks as they seek to capitalize on the expected expansion of interconnected digital realms where individuals can interact, collaborate, entertain, and conduct commerce. Recently, these companies have demonstrated the highest trading volumes among Metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation specializes in providing graphics, computing, and networking solutions across the globe, including markets in the United States, 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 its supporting infrastructure. NVIDIA also offers enterprise-grade Quadro/NVIDIA RTX GPUs for professional workstations, virtual GPU software for cloud-based computing, automotive infotainment systems, and Omniverse software designed for developing metaverse and 3D internet applications. On Wednesday, shares of NASDAQ NVDA experienced a decline of $0.60, trading at $140.62. The trading volume reached 101,552,212 shares, significantly lower than its average of 282,589,465. NVIDIA’s 50-day simple moving average stands at $116.54, while the 200-day average is $126.31. The firm has a substantial market capitalization of $3.43 trillion, a P/E ratio of 55.34, a price-to-earnings-growth ratio of 1.76, and a beta of 2.12. The stock has fluctuated between a low of $86.62 and a high of $195.95 over the past year. Its debt-to-equity ratio is 0.13, indicating a low level of debt, while the current and quick ratios of 4.10 and 3.64, respectively, suggest strong liquidity.
Accenture (ACN)
Accenture plc is a global professional services firm offering a wide array of solutions, including strategy and consulting, technology operations, and industry-specific services. The company’s offerings encompass application services such as agile transformation and DevOps, intelligent automation including robotic process automation and natural language processing, as well as strategy and consulting services. Accenture also provides comprehensive data management solutions, metaverse-related services, and sustainability consulting. On Wednesday, shares of Accenture rose by $2.57, reaching a price of $315.47. The trading volume was 843,732 shares, in contrast to its average of 2,962,063 shares. The company maintains a quick ratio of 1.47, a current ratio of 1.47, and a debt-to-equity ratio of 0.17. Over the past twelve months, Accenture’s stock has seen a low of $275.01 and a high of $398.35. Its 50-day moving average is $302.78, and the 200-day moving average is $337.91. The firm boasts a market capitalization of $197.59 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.23, and a beta of 1.33.
Globant (GLOB)
Globant S.A. and its subsidiaries provide a diverse range of technology services worldwide. The firm specializes in digital solutions that encompass blockchain, cloud services, cybersecurity, data analytics, and artificial intelligence, alongside offerings related to digital experience and performance. Additionally, Globant delivers enterprise technology solutions, including Agile organization and process optimization services, as well as integration with major platforms like AWS, Google Cloud, Microsoft, Oracle, Salesforce, SAP, and ServiceNow. On Wednesday, Globant’s shares gained $1.29, reaching $97.87. The trading volume for the day was 296,741 shares, compared to its average of 697,388. Over the past year, Globant’s stock has recorded a low of $88.03 and a high of $238.32. The company’s 50-day moving average price is $111.40, while the 200-day moving average stands at $167.05. Globant has a market capitalization of $4.31 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.38, and a beta of 1.37.
