Top Metaverse Stocks to Watch: Best Picks for June 2023
Top metaverse Stocks to Monitor: NVIDIA, Accenture, and Globant
Overview of metaverse Stocks
Today, MarketBeat highlights NVIDIA, Accenture, and Globant as key players in the metaverse sector. These companies are at the forefront of developing, supporting, and monetizing virtual and augmented reality environments, collectively referred to as the “metaverse.” This digital realm allows users to engage in immersive 3D spaces. The firms involved may create hardware like VR headsets and graphics chips, software platforms for virtual worlds, or content that enhances online experiences. Investors are increasingly interested in these stocks to tap into the growth potential of these innovative digital networks, as evidenced by their significant trading volumes in recent days.
NVIDIA (NVDA)
NVIDIA Corporation specializes in providing advanced graphics, computing, and networking solutions across various global markets, including the United States, Taiwan, China, and Hong Kong. Its Graphics segment is well-known for offering GeForce GPUs tailored for gaming and personal computers, along with the GeForce NOW game streaming service. Additionally, NVIDIA provides enterprise-grade Quadro and RTX GPUs, virtual GPU software for cloud computing, automotive platforms for infotainment, and Omniverse software designed for creating and managing metaverse applications.
On Tuesday, NVIDIA’s stock rose by $3.24, reaching a price of $147.41. The trading volume for the day was 99,704,267 shares, significantly higher than its average of 271,103,457 shares. Over the past year, the stock has fluctuated between a low of $86.62 and a high of $153.13. With a market capitalization of $3.60 trillion, NVIDIA boasts a P/E ratio of 47.46 and a PEG ratio of 1.27. The company maintains a low debt-to-equity ratio of 0.10, alongside a quick ratio of 2.96 and a current ratio of 3.39. Its fifty-day moving average stands at $127.04, while the 200-day moving average is $126.44.
Accenture (ACN)
Accenture plc is a global professional services firm that offers a wide range of services, including strategy and consulting, technology operations, and industry-specific solutions. The company specializes in application services, which encompass agile transformation, DevOps, and software engineering. Additionally, Accenture provides intelligent automation services, data management solutions, and sustainability initiatives, as well as metaverse-related services.
On Tuesday, Accenture’s stock increased by $6.06, reaching $301.06. The trading volume for the day was 2,628,383 shares, slightly below its average of 2,939,347 shares. The stock has experienced a one-year low of $273.19 and a high of $398.35. With a market cap of $188.56 billion, Accenture has a P/E ratio of 23.93 and a price-to-earnings-growth ratio of 2.85. The company’s debt-to-equity ratio is 0.16, and it has a current ratio of 1.46 and a quick ratio of 1.48. Its fifty-day moving average is $307.08, while the 200-day moving average is $333.04.
Globant (GLOB)
Globant S.A. is a technology services provider that operates globally, offering a variety of digital solutions. These include blockchain, cloud technologies, cybersecurity, artificial intelligence, and metaverse services. The company also focuses on enterprise technology solutions, such as Agile organization and process optimization, while partnering with major tech platforms like AWS, Google Cloud, and Microsoft.
On Tuesday, Globant’s stock rose by $1.28, reaching $89.70. The trading volume for the day was 275,001 shares, compared to its average of 715,518 shares. Over the past year, the stock has seen a low of $86.02 and a high of $238.32. With a market capitalization of $3.95 billion, Globant has a P/E ratio of 26.54 and a price-to-earnings-growth ratio of 1.69. The company maintains a debt-to-equity ratio of 0.13, alongside a current ratio and quick ratio of 1.56. Its fifty-day moving average is $107.76, while the 200-day moving average is $154.10.
Conclusion
As the metaverse continues to evolve, NVIDIA, Accenture, and Globant stand out as significant contributors to this burgeoning sector. Investors looking to capitalize on the growth of virtual and augmented reality environments should keep a close eye on these companies.
