Top Metaverse Stocks to Watch: Key Picks for June 27th 2023
Top metaverse Stocks to Monitor: NVIDIA, Accenture, and More
Overview of metaverse Stocks
Today, MarketBeat highlights seven key stocks in the metaverse sector, including NVIDIA, Accenture, Globant, Everbright Digital, SK Telecom, NIP Group, and Super League Enterprise. These companies are at the forefront of developing and monetizing immersive digital environments, commonly referred to as the metaverse. This sector encompasses a variety of businesses, from hardware manufacturers of VR and AR headsets to software developers creating 3D engines and virtual marketplaces for digital assets. Investors are increasingly interested in these stocks as they seek to capitalize on the anticipated expansion of interconnected online ecosystems and digital economies. The listed companies have recently experienced the highest trading volumes in the metaverse category.
NVIDIA (NVDA)
NVIDIA Corporation specializes in providing advanced graphics, computing, and networking solutions across various global markets, including the U.S., Taiwan, China, and Hong Kong. The company’s Graphics segment features GeForce GPUs tailored for gaming and personal computers, the GeForce NOW game streaming service, and infrastructure solutions for gaming platforms. Additionally, NVIDIA offers Quadro and RTX GPUs for enterprise graphics, virtual GPU software for cloud computing, automotive platforms for infotainment, and Omniverse software for creating and managing metaverse applications.
On Friday, shares of NVIDIA (NASDAQ: NVDA) rose by $2.59, reaching a price of $157.61. The trading volume for the day was 111,531,967 shares, significantly lower than the average of 268,732,341. The stock’s fifty-day moving average stands at $129.83, while the two-hundred-day average is $126.89. NVIDIA boasts a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.77, and a PEG ratio of 1.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96, and a current ratio of 3.39. Over the past year, the stock has fluctuated between a low of $86.62 and a high of $158.68.
Accenture (ACN)
Accenture plc is a global professional services firm that offers a wide range of services, including strategy, consulting, technology, and operations. The company provides various application services, such as agile transformation, DevOps, and software engineering, along with intelligent automation solutions and data management services. Accenture also focuses on sustainability and offers tailored solutions for the metaverse.
On Friday, Accenture’s stock (NYSE: ACN) decreased by $0.38, closing at $295.70. The trading volume reached 1,184,844 shares, compared to an average of 2,932,151. The firm’s fifty-day moving average is $307.78, and its two-hundred-day moving average is $332.11. Accenture has a market capitalization of $185.21 billion, a P/E ratio of 23.54, and a price-to-earnings-growth ratio of 2.89. The stock has a 52-week low of $273.19 and a high of $398.35.
Globant (GLOB)
Globant S.A. provides technology services globally, focusing on digital solutions that include blockchain, cloud technologies, cybersecurity, and artificial intelligence. The company also offers enterprise technology solutions and services, such as Agile organization and process optimization, along with partnerships with major tech firms like AWS and Microsoft.
On Friday, Globant’s stock (NYSE: GLOB) increased by $0.08, reaching $91.60. The trading volume was 389,185 shares, compared to an average of 718,453. The company has a market cap of $4.03 billion, a P/E ratio of 27.10, and a P/E/G ratio of 1.72. The stock has a 52-week low of $86.02 and a high of $238.32.
Everbright Digital (EDHL)
Everbright Digital is a 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 the evolving media landscape.
On Friday, shares of Everbright Digital (NASDAQ: EDHL) rose by $0.54, reaching $6.40. The trading volume was 2,882,545 shares, significantly higher than the average of 390,754. The stock’s fifty-day moving average is $4.53, with a 52-week low of $3.51 and a high of $6.64.
SK Telecom (SKM)
SK Telecom Co., Ltd. is a leading telecommunications provider in South Korea, offering a range of services across cellular, fixed-line, and other business segments. The company provides wireless voice and data services, IoT solutions, and metaverse platform services.
On Friday, SK Telecom’s stock (NYSE: SKM) fell by $0.09, closing at $23.03. The trading volume was 222,212 shares, compared to an average of 311,237. The firm has a market cap of $9.07 billion, a P/E ratio of 9.51, and a P/E/G ratio of 2.40. The stock has a 52-week low of $19.84 and a high of $24.58.
NIP Group (NIPG)
NIP Group is an esports organization focused on creating transformative experiences for fans worldwide. The company aims to establish itself as a premier entity in the esports industry, with operations spanning Asia, Europe, and South America.
On Friday, shares of NIP Group (NASDAQ: NIPG) increased by $0.25, reaching $2.31. The trading volume was 952,899 shares, compared to an average of 211,679. The stock has a 52-week low of $0.99 and a high of $17.76.
Super League Enterprise (SLE)
Super League Enterprise, Inc. specializes in creating and publishing content across immersive platforms, engaging audiences in digital spaces for various activities, including socializing and gaming. The company offers a range of services designed to enhance user engagement through dynamic programs.
On Friday, Super League Enterprise’s stock (NASDAQ: SLE) decreased by $0.19, closing at $4.49. The trading volume was 46,714 shares, slightly above the average of 40,239. The stock has a 50-day moving average of $7.97 and a two-hundred-day average of $15.33, with a market cap of $3.95 million.
Conclusion
The metaverse sector continues to attract attention from investors, with companies like NVIDIA, Accenture, and others leading the charge. As the digital landscape evolves, these stocks represent significant opportunities for growth and innovation.
