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Metaverse Stocks To Watch Now - August 8th

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Key Points

  • NVIDIA, Accenture, Globant, SK Telecom, Robot Consulting, Cheer, and PowerUp Acquisition are the seven Metaverse stocks identified as key players in the sector, showing high trading volumes recently.
  • NVIDIA's stock traded at $181.92, experiencing significant trading volume and having a market cap of $4.44 trillion, indicating its strong presence in the graphics and gaming industry.
  • Accenture reported a stock price of $239.65 with a P/E ratio of 19.05, highlighting its focus on consulting and technology services, including metaverse-related solutions.
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NVIDIA, Accenture, Globant, SK Telecom, Robot Consulting, Cheer, and PowerUp Acquisition are the seven Metaverse stocks to watch today, according to MarketBeat's stock screener tool. Metaverse stocks are shares of publicly traded companies that develop or provide the hardware, software, platforms and services underpinning immersive digital environments—such as virtual reality, augmented reality and blockchain-based experiences. Investors buy these equities to gain exposure to the growth of the “metaverse,” a collective, persistent virtual space where people can interact, work, play and trade in ways that blend physical and digital realities. Leading examples include makers of VR headsets, graphics processors and 3D content engines. 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 NASDAQ NVDA traded up $1.15 during trading on Friday, hitting $181.92. The stock had a trading volume of 72,673,462 shares, compared to its average volume of 244,947,516. NVIDIA has a 12 month low of $86.62 and a 12 month high of $183.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $4.44 trillion, a PE ratio of 58.82, a PEG ratio of 1.58 and a beta of 2.14. The firm has a fifty day moving average of $158.85 and a two-hundred day moving average of $133.52.

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.

ACN traded down $2.07 during trading on Friday, hitting $239.65. 1,514,367 shares of the company traded hands, compared to its average volume of 3,491,783. The firm has a market cap of $150.10 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The stock's fifty day moving average is $292.71 and its 200 day moving average is $316.70. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture has a one year low of $238.03 and a one 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.

GLOB traded down $2.77 during trading on Friday, hitting $75.17. 769,533 shares of the company traded hands, compared to its average volume of 1,072,702. The firm has a market cap of $3.31 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 3.24 and a beta of 1.16. The stock's fifty day moving average is $90.36 and its 200 day moving average is $125.50. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Globant has a one year low of $75.19 and a one year high of $238.32.

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.

SKM traded up $0.23 during trading on Friday, hitting $22.63. 128,181 shares of the company traded hands, compared to its average volume of 383,410. The firm has a market cap of $8.91 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 11.97 and a beta of 0.63. The stock's fifty day moving average is $22.26 and its 200 day moving average is $21.76. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. SK Telecom has a one year low of $19.84 and a one year high of $24.58.

Read Our Latest Research Report on SKM

Robot Consulting (LAWR)

Robot Consulting Co. Ltd. is a platform service provider focusing on human resource solutions with an intention to expand into legal technology and the metaverse. The Company's major product, Labor Robot, is a cloud-based human resource management system which helps users track employee attendance, manage sales orders and journalize accounting items.

LAWR traded down $0.07 during trading on Friday, hitting $2.02. 483,207 shares of the company traded hands, compared to its average volume of 2,093,340. Robot Consulting has a one year low of $1.50 and a one year high of $4.41.

Read Our Latest Research Report on LAWR

Cheer (CHR)

Cheer Holding, Inc., through its subsidiaries, provides advertisement and content production services in the People's Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses.

NASDAQ CHR traded down $0.49 during trading on Friday, hitting $1.21. 424,950 shares of the company's stock traded hands, compared to its average volume of 44,128. Cheer has a 12-month low of $1.00 and a 12-month high of $3.45. The business has a 50 day moving average of $1.57 and a 200-day moving average of $1.68.

Read Our Latest Research Report on CHR

PowerUp Acquisition (PWUP)

PowerUp Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.

NASDAQ PWUP traded down $0.01 during trading on Friday, hitting $0.35. 624,234 shares of the company's stock traded hands, compared to its average volume of 3,464. PowerUp Acquisition has a 12-month low of $8.05 and a 12-month high of $15.80. The business has a 50 day moving average of $0.36 and a 200-day moving average of $2.26.

Read Our Latest Research Report on PWUP

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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