Top Metaverse Stocks Worth Watching - August 1st

Key Points

• NVIDIA, Accenture, and Globant are highlighted as top Metaverse stocks to monitor due to their significant trading volume and involvement in immersive virtual and augmented reality environments.
• NVIDIA shares recently traded at $173.80, while Accenture and Globant saw their shares at $257.49 and $80.97, respectively, indicating dynamic market activity.
• These companies are engaged in diverse sectors such as graphics solutions, professional services, and technology, positioning them to capitalize on the growth of the Metaverse and next-generation online experiences.

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, power or enable immersive virtual and augmented reality environments—collectively known as the metaverse—where users can interact, socialize and transact in 3D digital spaces. They include hardware makers (VR/AR headsets), software and platform developers, cloud and infrastructure providers, plus blockchain-based marketplaces for digital assets and NFTs. Investors buy these stocks to gain exposure to the anticipated growth of next-generation online experiences. 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 $4.07 during trading on Friday, reaching $173.80. 117,275,318 shares of the company were exchanged, compared to its average volume of 248,196,781. The firm has a market capitalization of $4.24 trillion, a PE ratio of 56.06, a P/E/G ratio of 1.58 and a beta of 2.13. The business's fifty day simple moving average is $154.45 and its 200-day simple moving average is $132.03. NVIDIA has a 12-month low of $86.62 and a 12-month high of $183.30. 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.

Shares of NYSE:ACN traded down $9.61 during trading on Friday, reaching $257.49. 2,177,512 shares of the company were exchanged, compared to its average volume of 3,375,219. The firm has a market capitalization of $161.28 billion, a PE ratio of 20.50, a P/E/G ratio of 2.59 and a beta of 1.29. The business's fifty day simple moving average is $299.07 and its 200-day simple moving average is $320.18. Accenture has a 12-month low of $257.61 and a 12-month high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

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 $3.29 during trading on Friday, reaching $80.97. 960,035 shares of the company were exchanged, compared to its average volume of 1,045,469. The firm has a market capitalization of $3.57 billion, a PE ratio of 23.96, a P/E/G ratio of 3.16 and a beta of 1.20. The business's fifty day simple moving average is $92.41 and its 200-day simple moving average is $130.11. Globant has a 12-month low of $80.25 and a 12-month 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.

Read Our Latest Research Report on GLOB

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.