Top Five Metaverse Stocks to Monitor
NVIDIA, Accenture, Globant, Everbright Digital, and SK Telecom are currently the leading metaverse stocks, as identified by MarketBeat’s stock screener tool. These stocks represent publicly traded firms that are engaged in the development of immersive virtual environments, which can include everything from manufacturers of virtual and augmented reality headsets to creators of 3D social platforms. Investors are increasingly drawn to these stocks for their potential to capitalize on the evolution of internet technologies that facilitate user interaction within shared digital realms. Over the past few days, these companies recorded the highest trading volumes among metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation is a prominent provider of graphics, computing, and networking solutions, with operations spanning the United States, Taiwan, China, Hong Kong, and beyond. The company’s graphics division offers GeForce GPUs tailored for gaming and personal computers, alongside the GeForce NOW game streaming service and its supporting infrastructure. Additionally, it provides Quadro/NVIDIA RTX GPUs for enterprise graphics, virtual GPU software for cloud computing, automotive platforms for infotainment systems, and Omniverse software for metaverse and 3D internet applications. During midday trading on Friday, NVDA shares increased by $2.03, reaching a price of $159.28. A total of 143,716,055 shares were traded, which is lower than its average trading volume of 268,139,289. The stock has a 50-day moving average of $136.38 and a 200-day moving average of $127.84, with a 12-month low of $86.62 and a 12-month high of $160.98. NVIDIA’s market capitalization stands at $3.89 trillion, with a price-to-earnings (P/E) ratio of 51.38, a P/E/G ratio of 1.41, and a beta of 2.13. The company reports a quick ratio of 2.96 and a current ratio of 3.39, with a low debt-to-equity ratio of 0.10.
Accenture (ACN)
Accenture plc is a global professional services firm that delivers a range of services including strategy and consulting, technology operations, and industry-specific solutions. Its offerings encompass application services such as agile transformation, DevOps, application modernization, and enterprise architecture. The firm also specializes in intelligent automation technologies, data management, and analytics, as well as metaverse and sustainability services. On Friday, shares of NYSE:ACN rose by $2.29, reaching $304.58. The trading volume hit 1,616,133 shares, compared to an average of 2,902,190 shares. The stock’s 50-day simple moving average is $309.55, with a 200-day average of $329.68. Accenture has a market cap of $190.76 billion, a P/E ratio of 24.25, a PEG ratio of 2.86, and a beta of 1.29. Its debt-to-equity ratio is 0.16, while both the current and quick ratios are 1.46. Over the past year, the stock has fluctuated between a low of $273.19 and a high of $398.35.
Globant (GLOB)
Globant S.A. is a technology services provider that operates globally, offering a range of digital solutions that include blockchain, cloud computing, cybersecurity, and artificial intelligence. The company also provides services for enhancing digital experiences and performance, alongside enterprise technology solutions. On Friday, shares of NYSE: GLOB saw an increase of $1.13, reaching a price of $92.36. The trading volume amounted to 345,103 shares, below the average of 729,269 shares. Globant’s current and quick ratios are both 1.56, and the company holds a debt-to-equity ratio of 0.13. It has a market capitalization of $4.07 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.83, and a beta of 1.20. The stock has a 50-day moving average of $104.50 and a 200-day moving average of $146.93, with a 52-week low of $86.02 and a high of $238.32.
Everbright Digital (EDHL)
Everbright Digital stands as an integrated marketing solutions provider based in Hong Kong, heavily engaged in the metaverse and related technologies. The company aims to deliver comprehensive digital marketing services tailored to support businesses at every stage of their growth. This all-in-one service model generates revenue through customized marketing solutions that cater to the evolving landscape of new media. During midday trading on Friday, shares of NASDAQ:EDHL climbed by $0.11, reaching $6.14. A total of 3,916,613 shares were traded, surpassing the average volume of 1,107,772. Everbright Digital’s 50-day moving average is priced at $4.75, with a 12-month low of $3.51 and a high of $6.66.
SK Telecom (SKM)
SK Telecom Co., Ltd. is a leading provider of wireless telecommunications services in South Korea, operating through three main segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services division offers a variety of services, including wireless voice and data transmission, Internet of Things solutions, smart factory technologies, and metaverse platform services. On Friday, shares of NYSE:SKM decreased by $0.21 to reach a price of $23.58, with 198,520 shares exchanged, compared to an average trading volume of 315,632. The company boasts a market cap of $9.29 billion, a P/E ratio of 9.74, a price-to-earnings growth ratio of 2.47, and a beta of 0.64. SK Telecom’s stock has a 50-day simple moving average of $21.55 and a 200-day average of $21.60, alongside a 12-month low of $19.84 and a high of $24.58. The firm has a debt-to-equity ratio of 0.55, a quick ratio of 0.86, and a current ratio of 0.88.
