Three Metaverse Stocks Gaining Attention
NVIDIA, Accenture, and Globant have emerged as key Metaverse stocks, as highlighted by MarketBeat’s stock screener tool. Metaverse stocks represent shares of publicly traded firms that are involved in creating or enhancing the infrastructure, hardware, software, platforms, and services necessary for immersive virtual and augmented reality experiences. Investors are increasingly interested in these stocks to tap into the expected expansion of interconnected digital realms where users can engage, collaborate, entertain, and transact. Recently, these companies recorded the highest dollar trading volume among Metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation specializes in providing graphics, computing, and networking solutions across the globe, including the United States, Taiwan, China, and Hong Kong. Its Graphics division offers GeForce GPUs tailored for gaming and personal computers, along with the GeForce NOW game streaming service and its supporting infrastructure. Additionally, it provides enterprise-level graphics with Quadro/NVIDIA RTX GPUs, along with virtual GPU software for cloud-based visual computing, automotive platforms for infotainment, and software for creating and managing metaverse and 3D internet applications. On Wednesday, NASDAQ-listed NVDA shares declined by $0.60, settling at $140.62, with a trading volume of 101,552,212 shares, below its average of 282,589,465. The company’s 50-day simple moving average stands at $116.54, while the 200-day average is $126.31. NVIDIA’s market capitalization is valued at $3.43 trillion, featuring a price-to-earnings (P/E) ratio of 55.34 and a price-to-earnings-growth (PEG) ratio of 1.76. The stock has seen fluctuations, with a 52-week low of $86.62 and a high of $195.95, in addition to a debt-to-equity ratio of 0.13 and a current ratio of 4.10.
Accenture (ACN)
Accenture plc is a global professional services firm that provides a wide range of services including strategy, consulting, technology operations, and industry-specific solutions. Its offerings encompass application services such as agile transformation and DevOps, alongside intelligent automation through robotic process automation and virtual agents. The firm also provides strategy and consulting in areas such as data management and analytics, industrialized AI solutions, and sustainability services. On Wednesday, Accenture shares increased by $2.57 to reach $315.47, with 843,732 shares traded, compared to an average volume of 2,962,063. The company maintains a quick ratio of 1.47 and a current ratio of 1.47, with a debt-to-equity ratio of 0.17. Over the past year, Accenture’s stock has fluctuated between a low of $275.01 and a high of $398.35, with a 50-day moving average of $302.78 and a 200-day moving average of $337.91. The firm holds a market capitalization of $197.59 billion, with a P/E ratio of 26.47 and a PEG ratio of 3.23.
Globant (GLOB)
Globant S.A., along with its subsidiaries, delivers technology services globally, specializing in digital solutions that incorporate blockchain, cloud technologies, cybersecurity, artificial intelligence, and metaverse services. The company also provides enterprise technology solutions, including Agile organization and process optimization services, as well as technology solutions from major providers like AWS, Google Cloud, and Microsoft. On Wednesday, shares of Globant rose by $1.29 to $97.87, with 296,741 shares traded, which is lower than its average volume of 697,388. The stock’s 52-week range spans from a low of $88.03 to a high of $238.32, with a 50-day moving average of $111.40 and a 200-day average of $167.05. Globant boasts a market capitalization of $4.31 billion, a P/E ratio of 26.31, and a PEG ratio of 2.38.
