Metaverse Stocks Worth Watching - August 2nd

Key Points

• NVIDIA, Accenture, and Globant are highlighted as key Metaverse stocks with significant trading volume, reflecting investor interest in companies driving the creation of immersive digital environments.
• NVIDIA's stock traded down to $173.72, with a market capitalization of $4.24 trillion, while Accenture reached $255.18 and has a market cap of $159.83 billion.
• Globant's stock saw a decline to $79.78 with a market cap of $3.51 billion, as the company specializes in technology solutions and digital services for the Metaverse.

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 whose core businesses support the creation, operation or monetization of immersive digital environments—often encompassing virtual and augmented reality hardware, 3D social platforms, gaming studios, blockchain-based economies and related software services. Investors buy these stocks to gain exposure to the anticipated growth of interconnected virtual worlds and the digital assets, experiences and commerce they enable. 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 $4.15 during trading on Friday, hitting $173.72. 203,669,565 shares of the stock were exchanged, compared to its average volume of 153,436,048. The firm has a market capitalization of $4.24 trillion, a P/E ratio of 56.04, a PEG ratio of 1.57 and a beta of 2.14. NVIDIA has a 1-year low of $86.62 and a 1-year high of $183.30. The stock has a fifty day moving average price of $155.30 and a two-hundred day moving average price of $132.32. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

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 NYSE:ACN traded down $11.92 during trading on Friday, reaching $255.18. The company had a trading volume of 6,041,752 shares, compared to its average volume of 3,530,415. The firm has a market capitalization of $159.83 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock's fifty day moving average price is $297.98 and its 200 day moving average price is $319.53. Accenture has a fifty-two week low of $254.20 and a fifty-two week 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.

Shares of Globant stock traded down $4.48 during trading on Friday, reaching $79.78. The company's stock had a trading volume of 2,192,702 shares, compared to its average volume of 1,160,793. 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 12-month low of $79.48 and a 12-month high of $238.32. The company has a market capitalization of $3.51 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.16. The business has a 50 day moving average price of $91.99 and a 200-day moving average price of $129.24.

Read Our Latest Research Report on GLOB

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