Best Virtual Reality Stocks To Follow Now - July 29th

Key Points

• Seven notable VR stocks include Meta Platforms, Unity Software, and GameStop, which have shown significant trading volume recently, reflecting their potential in the immersive technology sector.
• Meta Platforms reported a market capitalization of $1.78 trillion and a 12-month high of $747.90, emphasizing its dominance in the VR industry.
• Unity Software specializes in real-time 3D development, highlighting its role in creating interactive content for both VR and augmented reality devices.

Meta Platforms, Unity Software, GameStop, Best Buy, EPAM Systems, Ambarella, and POET Technologies are the seven Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of publicly traded companies that develop, manufacture or distribute VR hardware, software and related services, giving investors exposure to the immersive technology sector. Their performance depends on factors like technological innovation, consumer adoption and competitive dynamics within gaming, enterprise and other VR applications. These companies had the highest dollar trading volume of any Virtual Reality stocks within the last several days.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

NASDAQ META traded down $9.42 on Tuesday, hitting $708.21. 6,953,277 shares of the company were exchanged, compared to its average volume of 15,346,153. The company's 50 day moving average price is $694.03 and its 200-day moving average price is $642.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28. Meta Platforms has a twelve month low of $450.80 and a twelve month high of $747.90.

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Unity Software (U)

Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

U traded down $0.93 during midday trading on Tuesday, reaching $32.56. 4,663,425 shares of the company were exchanged, compared to its average volume of 12,108,147. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. Unity Software has a one year low of $13.90 and a one year high of $38.96. The stock has a market capitalization of $13.53 billion, a P/E ratio of -28.98 and a beta of 2.29. The stock's 50-day simple moving average is $26.60 and its 200 day simple moving average is $23.34.

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GameStop (GME)

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

Shares of NYSE:GME traded down $0.25 during trading on Tuesday, reaching $22.74. 3,888,672 shares of the company traded hands, compared to its average volume of 11,577,376. The company's 50 day moving average is $25.79 and its two-hundred day moving average is $25.84. The firm has a market capitalization of $10.17 billion, a PE ratio of 49.38 and a beta of -0.81. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30. GameStop has a 52 week low of $18.73 and a 52 week high of $35.81.

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Best Buy (BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.

Shares of BBY traded down $1.34 during mid-day trading on Tuesday, hitting $66.45. The stock had a trading volume of 1,250,871 shares, compared to its average volume of 3,673,280. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.32. The firm has a market cap of $14.04 billion, a P/E ratio of 16.24, a PEG ratio of 1.78 and a beta of 1.24. The business has a fifty day moving average price of $69.74 and a 200-day moving average price of $73.70. Best Buy has a 52 week low of $54.99 and a 52 week high of $103.71.

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EPAM Systems (EPAM)

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.

Shares of EPAM Systems stock traded down $2.14 during trading on Tuesday, hitting $167.22. 159,694 shares of the stock traded hands, compared to its average volume of 733,013. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01. The firm's fifty day moving average is $173.74 and its 200-day moving average is $188.60. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.41 and a beta of 1.70.

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Ambarella (AMBA)

Ambarella, Inc. develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Shares of AMBA traded down $0.71 during trading hours on Tuesday, hitting $69.29. The stock had a trading volume of 260,159 shares, compared to its average volume of 869,042. The stock has a fifty day moving average price of $61.63 and a 200 day moving average price of $60.80. Ambarella has a 12 month low of $38.86 and a 12 month high of $85.15. The firm has a market capitalization of $2.94 billion, a PE ratio of -27.80 and a beta of 2.05.

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POET Technologies (POET)

POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.

POET remained flat at $5.87 during midday trading on Tuesday. The company's stock had a trading volume of 1,539,429 shares, compared to its average volume of 1,621,918. POET Technologies has a 12 month low of $2.27 and a 12 month high of $7.79. The stock has a market cap of $531.82 million, a price-to-earnings ratio of -7.90 and a beta of 0.28. The business has a fifty day moving average of $5.13 and a 200 day moving average of $4.56.

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