Metaverse Stocks To Follow Today - August 4th

Key Points

• Investors are urged to monitor five key Metaverse stocks today: NVIDIA, Accenture, Globant, SK Telecom, and Future FinTech Group, which have shown significant trading volume in recent days.
• NVIDIA shares rose $5.30 to $179.02, with a market capitalization of $4.37 trillion and a P/E ratio of 57.76, demonstrating strong market interest in its graphics and computing solutions.
• Accenture's stock increased by $3.27 to $258.64, highlighting its status as a leader in strategy and consulting services, with a market cap of $161.99 billion and a P/E ratio of 20.60.

NVIDIA, Accenture, Globant, SK Telecom, and Future FinTech Group are the five Metaverse stocks to watch today, according to MarketBeat's stock screener tool. Metaverse stocks are shares of publicly traded companies whose primary business activities or growth prospects are closely tied to the development of immersive virtual worlds, augmented reality, and related digital ecosystems. These firms may specialize in hardware (like VR/AR headsets), software platforms for virtual social interaction or gaming, digital real-estate, and the creation or sale of virtual goods and services. Investors buy metaverse stocks to gain exposure to the anticipated expansion of these next-generation online environments. 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.

Shares of NVDA traded up $5.30 during trading hours on Monday, reaching $179.02. The stock had a trading volume of 79,598,448 shares, compared to its average volume of 247,643,938. The company has a market cap of $4.37 trillion, a P/E ratio of 57.76, a P/E/G ratio of 1.53 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA has a 52 week low of $86.62 and a 52 week high of $183.30. The firm has a 50-day moving average of $155.30 and a 200 day moving average of $132.28.

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.

NYSE ACN traded up $3.27 on Monday, reaching $258.64. The company had a trading volume of 1,195,179 shares, compared to its average volume of 3,386,753. The firm has a market capitalization of $161.99 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture has a 1-year low of $254.20 and a 1-year high of $398.35. The company's fifty day moving average is $297.98 and its 200-day moving average is $319.10.

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 up $2.65 on Monday, reaching $82.44. The company had a trading volume of 578,085 shares, compared to its average volume of 1,050,494. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 3.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. Globant has a 1-year low of $79.48 and a 1-year high of $238.32. The company's fifty day moving average is $91.99 and its 200-day moving average is $128.02.

Read Our Latest Research Report on GLOB

SK Telecom (SKM)

SK Telecom Co., Ltd. provides wireless telecommunication services in South Korea. The company operates through three 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, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.

NYSE SKM traded up $0.35 on Monday, reaching $22.44. The company had a trading volume of 92,437 shares, compared to its average volume of 385,254. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 10.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 0.88. SK Telecom has a 1-year low of $19.84 and a 1-year high of $24.58. The company's fifty day moving average is $22.12 and its 200-day moving average is $21.73.

Read Our Latest Research Report on SKM

Future FinTech Group (FTFT)

Future FinTech Group Inc., through its subsidiaries, operates online shopping platforms in People's Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.

NASDAQ FTFT traded down $0.01 on Monday, reaching $2.01. The company had a trading volume of 677,438 shares, compared to its average volume of 941,173. Future FinTech Group has a 1-year low of $1.01 and a 1-year high of $5.70. The company's fifty day moving average is $1.66 and its 200-day moving average is $1.85.

Read Our Latest Research Report on FTFT

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