Top Metaverse Stocks to Watch: Promising Picks for July 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, Super League Enterprise, Future FinTech Group, and SK Telecom. These companies are at the forefront of developing and monetizing immersive virtual environments and technologies, such as VR/AR hardware, 3D graphics software, and blockchain-based assets. Investing in these stocks allows shareholders to tap into the burgeoning potential of interactive online worlds where users can socialize, work, and trade. This rapidly evolving industry encompasses gaming, digital commerce, enterprise collaboration, and social platforms, with these companies recently experiencing the highest trading volumes in the metaverse space.
NVIDIA (NVDA)
NVIDIA Corporation is a leader in providing graphics, computing, and networking solutions globally, including in the U.S., Taiwan, China, and Hong Kong. The company’s Graphics segment features GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and various solutions for gaming platforms. Additionally, NVIDIA offers Quadro/NVIDIA RTX GPUs for enterprise graphics, virtual GPU software for cloud computing, automotive platforms for infotainment, and Omniverse software for metaverse and 3D internet applications.
On Monday, NVIDIA shares rose by $0.25, reaching $165.17, with a trading volume of 94,703,091 shares, compared to an average of 265,363,569. The stock has fluctuated between a 12-month low of $86.62 and a high of $167.89. Key financial metrics include a debt-to-equity ratio of 0.10, a current ratio of 3.39, and a quick ratio of 2.96. The stock’s 50-day moving average stands at $141.53, while the 200-day average is $128.62. NVIDIA boasts a market cap of $4.03 trillion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 1.46, and a beta of 2.13.
Accenture (ACN)
Accenture plc is a global professional services firm that specializes in strategy, consulting, technology, and operations. The company provides a wide range of application services, including agile transformation, DevOps, and data management, along with intelligent automation and application management services. Accenture also focuses on data and analytics strategies, metaverse solutions, and sustainability services.
On Monday, Accenture’s stock decreased by $1.05, closing at $280.01, with a trading volume of 2,380,101 shares, compared to an average of 2,919,002. The stock has a current ratio of 1.46, a quick ratio of 1.46, and a debt-to-equity ratio of 0.16. Over the past year, shares have ranged from a low of $273.19 to a high of $398.35. The 50-day moving average is $309.00, while the 200-day moving average is $326.89. Accenture’s market capitalization is $175.38 billion, with a P/E ratio of 22.29, a PEG ratio of 2.64, and a beta of 1.29.
Globant (GLOB)
Globant S.A. offers technology services worldwide, focusing on digital solutions that include blockchain, cloud technologies, cybersecurity, and artificial intelligence. The company also provides enterprise technology solutions, such as Agile organization and process optimization services, in collaboration with major platforms like AWS, Google Cloud, and Microsoft.
On Monday, Globant shares fell by $0.61 to $84.60, with a trading volume of 440,777 shares, compared to an average of 737,477. The company has a current ratio of 1.56, a quick ratio of 1.56, and a debt-to-equity ratio of 0.13. The stock has seen a 52-week low of $83.90 and a high of $238.32. Its 50-day simple moving average is $101.65, while the 200-day average is $141.36. Globant’s market cap is $3.73 billion, with a P/E ratio of 25.07 and a price-to-earnings-growth ratio of 2.62.
Everbright Digital (EDHL)
Everbright Digital is a marketing solutions provider based in Hong Kong, heavily involved in the metaverse and related technologies. The company specializes in offering comprehensive digital marketing services tailored to meet the evolving needs of businesses.
On Monday, shares of Everbright Digital dropped by $3.42, reaching $0.88, with a trading volume of 15,759,948 shares, significantly higher than its average of 1,247,482. The stock has a 52-week low of $0.67 and a high of $6.88, with a 50-day moving average of $4.92.
Super League Enterprise (SLE)
Super League Enterprise, Inc. develops and publishes content across immersive platforms both in the U.S. and internationally. The company connects audiences in digital spaces for socializing, gaming, and collaboration, while also offering development and monetization capabilities.
On Monday, Super League shares decreased by $0.40 to $5.43, with a trading volume of 1,451,637 shares, compared to an average of 52,220. The company has a market cap of $4.80 million, a P/E ratio of -0.07, and a beta of 1.71. The stock has fluctuated between a low of $3.91 and a high of $65.60 over the past year, with a 50-day moving average of $6.36 and a 200-day average of $13.77.
Future FinTech Group (FTFT)
Future FinTech Group Inc. operates online shopping platforms in China, focusing on supply chain financing, asset management, and cryptocurrency mining. The company provides cross-border money transfer services and investment banking.
On Monday, FTFT shares fell by $1.28, reaching $2.66, with a trading volume of 1,898,270 shares, compared to an average of 997,231. The stock has a 52-week low of $1.01 and a high of $5.70, with a 50-day simple moving average of $1.38 and a 200-day average of $1.92.
SK Telecom (SKM)
SK Telecom Co., Ltd. is a leading telecommunications provider in South Korea, offering a range of services including cellular, fixed-line telecommunications, and IoT solutions. The company also provides metaverse platform services and sells wireless devices.
On Monday, SK Telecom shares increased by $0.30 to $22.66, with a trading volume of 192,189 shares, compared to an average of 318,051. The stock has a current ratio of 0.88, a quick ratio of 0.86, and a debt-to-equity ratio of 0.55. Over the past year, shares have ranged from a low of $19.84 to a high of $24.58, with a 50-day moving average of $21.63 and a 200-day average of $21.62. The market cap stands at $8.93 billion, with a P/E ratio of 9.36 and a price-to-earnings-growth ratio of 10.87.
Conclusion
As the metaverse continues to evolve, these companies represent significant opportunities for investors looking to capitalize on this emerging sector. Each of these stocks offers unique strengths and growth potential, making them worth monitoring closely.
