Top Metaverse Stocks to Monitor
According to MarketBeat’s stock screener tool, NVIDIA, Accenture, and Globant are currently the top Metaverse stocks to keep an eye on. Metaverse stocks refer to shares of publicly listed companies that are involved in creating or supporting the technologies, services, and platforms necessary for immersive virtual and augmented reality experiences. Investors often purchase these stocks to capitalize on the expected expansion of interconnected digital realms where users can engage, work, play, and trade. Recently, these companies recorded the highest dollar trading volumes among Metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation is recognized for its graphics, computing, and networking solutions, operating across the United States, Taiwan, China, Hong Kong, and other international markets. The company’s Graphics segment provides GeForce GPUs for gaming and personal computers, the GeForce NOW game streaming service, and various gaming platform solutions. Additionally, NVIDIA offers Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse software aimed at creating and managing metaverse and 3D internet applications. On Wednesday, shares of NASDAQ NVDA experienced a decline of $0.60, settling at $140.62, with a trading volume of 101,552,212 shares, significantly lower than its average volume of 282,589,465. The company maintains a market capitalization of $3.43 trillion, a P/E ratio of 55.34, and a price-to-earnings-growth (PEG) ratio of 1.76. Its stock has ranged from a low of $86.62 to a high of $195.95 over the past year.
Accenture (ACN)
Accenture plc is a global professional services firm that offers a broad range of strategy and consulting services, as well as technology and operations services. The company excels in application services that cover agile transformation, DevOps, application modernization, and enterprise architecture, in addition to intelligent automation, which includes robotic process automation and natural language processing. On Wednesday, Accenture shares rose by $2.57, reaching $315.47, with 843,732 shares traded, compared to an average volume of 2,962,063. The firm has a market capitalization of $197.59 billion, a P/E ratio of 26.47, and a PEG ratio of 3.23. Its stock has fluctuated between a twelve-month low of $275.01 and a high of $398.35, with a 50-day moving average price of $302.78.
Globant (GLOB)
Globant S.A. operates globally, providing a range of technology services. The company specializes in digital solutions that include blockchain, cloud technologies, cybersecurity, artificial intelligence, and metaverse services. It also offers enterprise technology solutions such as Agile organization and process optimization services, alongside technology solutions from major players like AWS, Google Cloud, and Microsoft. On Wednesday, Globant shares increased by $1.29 to reach $97.87, with 296,741 shares exchanged, compared to an average trading volume of 697,388. The company’s market capitalization stands at $4.31 billion, with a P/E ratio of 26.31 and a PEG ratio of 2.38. Its stock has seen a twelve-month low of $88.03 and a high of $238.32.
