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Promising Metaverse Stocks To Watch Today - July 24th

NVIDIA logo with Computer and Technology background

NVIDIA, Accenture, Globant, SK Telecom, Everbright Digital, Alset, and Cheer are the seven Metaverse stocks to watch today, according to MarketBeat's stock screener tool. Metaverse stocks are shares of companies that develop, support or monetize the metaverse—a network of interconnected virtual and augmented reality environments where users interact in real time. These firms can include VR/AR hardware manufacturers, gaming and social-platform developers, networking and compute infrastructure providers, as well as blockchain and NFT-based marketplaces. Investors buy metaverse stocks to gain exposure to the growth of spatial computing and the emerging digital economy of immersive online worlds. 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 up $2.40 on Thursday, reaching $173.18. 72,724,810 shares of the company traded hands, compared to its average volume of 251,821,234. The stock's 50 day moving average price is $149.41 and its 200-day moving average price is $130.53. NVIDIA has a 52-week low of $86.62 and a 52-week high of $174.25. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 55.87, a PEG ratio of 1.47 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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 stock traded down $4.84 during trading hours on Thursday, hitting $281.20. The company's stock had a trading volume of 1,437,222 shares, compared to its average volume of 3,351,430. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $176.12 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. Accenture has a 12 month low of $273.19 and a 12 month high of $398.35. The stock has a 50 day moving average price of $304.11 and a two-hundred day moving average price of $323.36.

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 stock traded down $2.38 during trading hours on Thursday, hitting $87.72. The company's stock had a trading volume of 365,491 shares, compared to its average volume of 1,026,760. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.86 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 3.14 and a beta of 1.20. Globant has a 12 month low of $82.39 and a 12 month high of $238.32. The stock has a 50 day moving average price of $94.69 and a two-hundred day moving average price of $135.20.

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 stock traded down $0.12 during trading hours on Thursday, hitting $22.50. The company's stock had a trading volume of 112,714 shares, compared to its average volume of 384,748. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $8.86 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 10.97 and a beta of 0.64. SK Telecom has a 12 month low of $19.84 and a 12 month high of $24.58. The stock has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $21.68.

Read Our Latest Research Report on SKM

Everbright Digital (EDHL)

We are an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, and are committed to providing one-stop digital marketing services to support businesses through every stage of their development. Under the all-in-one service, our revenue is generated by providing tailored marketing solutions that address the specific needs of our clients in the context of the ever-developing nature of new forms of media.

EDHL stock traded up $0.04 during trading hours on Thursday, hitting $0.76. The company's stock had a trading volume of 390,243 shares, compared to its average volume of 1,337,408. Everbright Digital has a 12 month low of $0.60 and a 12 month high of $6.88. The stock has a 50 day moving average of $4.41.

Read Our Latest Research Report on EDHL

Alset (AEI)

Alset Inc. engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.

Shares of NASDAQ AEI traded up $0.19 during trading hours on Thursday, hitting $1.58. 166,054 shares of the stock were exchanged, compared to its average volume of 474,681. The company's 50 day moving average is $0.99 and its 200 day moving average is $0.95. The firm has a market capitalization of $18.47 million, a P/E ratio of -3.35 and a beta of 1.24. Alset has a one year low of $0.70 and a one year high of $2.61.

Read Our Latest Research Report on AEI

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 $0.06 during trading hours on Thursday, hitting $1.93. 113,620 shares of the company traded hands, compared to its average volume of 40,317. Cheer has a twelve month low of $1.00 and a twelve month high of $3.45. The firm has a 50-day moving average of $1.48 and a 200 day moving average of $1.72.

Read Our Latest Research Report on CHR

See Also

Should You Invest $1,000 in NVIDIA Right Now?

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While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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