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Best Metaverse Stocks To Follow Now - June 11th

NVIDIA logo with Computer and Technology background

NVIDIA, Accenture, and Globant are the three Metaverse stocks to watch today, according to MarketBeat's stock screener tool. Metaverse stocks are shares of publicly traded companies that contribute to the creation, infrastructure, and expansion of the metaverse—a collective virtual space where users interact in immersive digital environments. These companies span VR/AR hardware and software developers, virtual world platforms, blockchain networks, and digital asset marketplaces. Investors buy metaverse stocks to gain exposure to the anticipated growth of online social experiences, virtual commerce, and digital economies. These companies had the highest dollar trading volume of any Metaverse stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NVDA traded down $0.23 during mid-day trading on Wednesday, reaching $143.72. The stock had a trading volume of 96,152,206 shares, compared to its average volume of 276,885,651. The firm's fifty day simple moving average is $119.94 and its two-hundred day simple moving average is $126.23. The stock has a market capitalization of $3.51 trillion, a P/E ratio of 56.56, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA has a 52 week low of $86.62 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

Read Our Latest Research Report on NVDA

Accenture (ACN)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

Shares of ACN traded down $0.48 during trading hours on Wednesday, hitting $320.44. 658,845 shares of the stock traded hands, compared to its average volume of 3,236,774. The business has a fifty day moving average of $303.55 and a 200-day moving average of $336.54. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $200.70 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 3.23 and a beta of 1.33. Accenture has a 1-year low of $275.01 and a 1-year high of $398.35.

Read Our Latest Research Report on ACN

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

NYSE:GLOB traded down $0.46 on Wednesday, hitting $102.82. 333,248 shares of the stock were exchanged, compared to its average volume of 1,000,337. Globant has a 52 week low of $88.03 and a 52 week high of $238.32. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.38 and a beta of 1.24. The company's 50-day moving average price is $109.93 and its 200 day moving average price is $163.03.

Read Our Latest Research Report on GLOB

Further Reading

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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