Top Metaverse Stocks to Monitor
NVIDIA, Accenture, Globant, Everbright Digital, and SK Telecom are currently highlighted as the leading Metaverse stocks to observe, as per MarketBeat’s stock screener tool. These stocks represent publicly traded companies engaged in the development and enhancement of immersive virtual environments. This encompasses a wide array of businesses, from manufacturers of VR/AR headsets to developers of 3D social platforms and content producers. Investors are attracted to these stocks to tap into the potential of next-generation internet technologies, where users can interact in shared, persistent digital realms. Recently, these companies exhibited the highest trading volumes among Metaverse stocks.
NVIDIA (NVDA)
NVIDIA Corporation specializes in graphics, computing, and networking solutions across various regions, including the United States, Taiwan, China, and Hong Kong. The company’s Graphics segment provides GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and infrastructure for gaming platforms. Additionally, it offers Quadro/NVIDIA RTX GPUs for enterprise graphics, virtual GPU (vGPU) software for cloud-based computing, automotive platforms for infotainment, and Omniverse software for developing metaverse and 3D internet applications. On Friday, NVIDIA’s shares increased by $2.03 during midday trading, reaching $159.28. The trading volume hit 143,716,055 shares, compared to an average of 268,139,289. The company maintains a fifty-day moving average of $136.38 and a two-hundred-day average of $127.84. Over the past year, NVIDIA’s stock has seen a low of $86.62 and a high of $160.98, boasting a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, and a beta of 2.13.
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’s application services cover areas such as agile transformation, DevOps, application modernization, and enterprise architecture, along with intelligent automation and software engineering services. They also provide data and analytics strategies, metaverse solutions, and sustainability services. On Friday, Accenture’s stock rose by $2.29 to reach $304.58, with a trading volume of 1,616,133 shares against an average of 2,902,190. The firm’s fifty-day simple moving average stands at $309.55 while the 200-day average is $329.68. Accenture has a market cap of $190.76 billion, a P/E ratio of 24.25, and a beta of 1.29. Its stock has fluctuated between a low of $273.19 and a high of $398.35 over the past year.
Globant (GLOB)
Globant S.A. and its subsidiaries offer technology services globally, focusing on digital solutions that include blockchain, cloud technologies, cybersecurity, artificial intelligence, and more. They also provide enterprise technology solutions and services, such as agile organization strategies and process optimization. On Friday, Globant’s shares increased by $1.13, reaching $92.36, with a trading volume of 345,103 shares compared to an average of 729,269. The firm has a quick ratio of 1.56, a current ratio of 1.56, and a debt-to-equity ratio of 0.13. Its stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 27.33, and has seen a low of $86.02 and a high of $238.32 over the past year.
Everbright Digital (EDHL)
Everbright Digital, based in Hong Kong, specializes in integrated marketing solutions and is heavily invested in the metaverse and related technologies. The company focuses on providing comprehensive digital marketing services tailored to the evolving landscape of media. On Friday, shares of Everbright Digital traded up by $0.11, reaching $6.14, with 3,916,613 shares exchanged against an average of 1,107,772. The company has a 50-day moving average of $4.75, and its stock has fluctuated between $3.51 and $6.66 over the past twelve months.
SK Telecom (SKM)
SK Telecom Co., Ltd. is a prominent provider of wireless telecommunication services in South Korea, operating across three key segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform services, and metaverse platform services, among others. On Friday, SK Telecom’s shares dipped by $0.21, hitting $23.58, with a trading volume of 198,520 shares compared to an average of 315,632. The company’s fifty-day moving average stands at $21.55 and its two-hundred-day average is $21.60. With a market cap of $9.29 billion, a P/E ratio of 9.74, and a beta of 0.64, SK Telecom’s stock has recently been priced between $19.84 and $24.58 over the past year.
