Promising Metaverse Stocks To Follow Today - August 17th

Key Points

• NVIDIA, Accenture, and Globant are highlighted as top Metaverse stocks to watch, benefiting from increased investor interest in virtual worlds and related technologies.
• NVIDIA shares traded at $180.45, with a market capitalization of $4.40 trillion and a 12-month high of $184.48, indicating strong market performance.
• Accenture's stock reached $247.04, while Globant's stock was down to $66.54, showcasing the varying market positions and investor sentiment towards these companies.

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 build, support or profit from the development of the metaverse—immersive, persistent virtual worlds enabled by technologies like VR, AR, blockchain and cloud computing. They include hardware manufacturers (headsets, sensors, chips), software and platform providers (3D engines, social hubs), content creators, virtual real estate marketplaces and NFT platforms. Investors buy metaverse stocks to gain exposure to what many see as the next major frontier in digital interaction, commerce and entertainment. 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 down $1.57 on Friday, reaching $180.45. The company had a trading volume of 156,219,545 shares, compared to its average volume of 153,661,792. NVIDIA has a twelve month low of $86.62 and a twelve month high of $184.48. The stock has a 50-day moving average price of $163.96 and a 200 day moving average price of $135.45. The stock has a market capitalization of $4.40 trillion, a P/E ratio of 58.21, a P/E/G ratio of 1.59 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.

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 up $0.88 on Friday, reaching $247.04. The company had a trading volume of 4,223,359 shares, compared to its average volume of 4,754,784. Accenture has a twelve month low of $236.67 and a twelve month high of $398.35. The stock has a 50-day moving average price of $283.92 and a 200 day moving average price of $311.17. The stock has a market capitalization of $154.73 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.25 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

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 NYSE GLOB traded down $11.58 during trading hours on Friday, hitting $66.54. 7,477,307 shares of the company's stock were exchanged, compared to its average volume of 1,669,236. Globant has a 1-year low of $64.51 and a 1-year high of $238.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.73 and a beta of 1.16. The company's 50-day moving average price is $87.59 and its 200-day moving average price is $119.40.

Read Our Latest Research Report on GLOB

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