Promising Virtual Reality Stocks To Add to Your Watchlist - June 2nd

Meta Platforms, Unity Software, and Best Buy are the three Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of publicly traded companies that develop, manufacture or support virtual reality (VR) hardware, software, platforms and content. By purchasing these equities, investors gain exposure to the potential growth of immersive technologies used in gaming, training, simulation and other applications. As part of the broader tech sector, their performance can be influenced by advancements in VR technology, consumer adoption rates and competitive dynamics. These companies had the highest dollar trading volume of any Virtual Reality stocks within the last several days.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Shares of NASDAQ:META traded up $21.42 on Monday, reaching $668.91. 8,902,563 shares of the company were exchanged, compared to its average volume of 14,461,452. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms has a 1-year low of $442.65 and a 1-year high of $740.91. The firm has a market cap of $1.68 trillion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a 50-day moving average of $578.56 and a 200-day moving average of $611.28.

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Unity Software (U)

Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

Shares of NYSE:U traded up $0.27 on Monday, reaching $26.35. 10,987,270 shares of the company were exchanged, compared to its average volume of 11,216,218. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of -15.60 and a beta of 2.29. The company has a 50-day moving average of $20.71 and a 200-day moving average of $22.20.

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Best Buy (BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.

Shares of NYSE:BBY traded up $1.54 on Monday, reaching $67.82. 2,301,272 shares of the company were exchanged, compared to its average volume of 3,342,415. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. Best Buy has a 1-year low of $54.99 and a 1-year high of $103.71. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. The company has a 50-day moving average of $67.25 and a 200-day moving average of $78.76.

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