Virtual Reality Stocks To Keep An Eye On - June 4th

Meta Platforms, Unity Software, GameStop, Best Buy, EPAM Systems, Ambarella, and POET Technologies are the seven Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of publicly traded companies whose primary business involves the development, manufacturing, or distribution of virtual reality hardware, software, or related services. Investors buy these stocks to gain exposure to the growth potential of immersive technologies used in gaming, training, healthcare, and various consumer and enterprise applications. Their market performance typically reflects industry innovation cycles, consumer adoption rates, and competitive dynamics among technology providers. 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 $16.62 during trading on Wednesday, reaching $683.47. 8,737,512 shares of the company's stock traded hands, compared to its average volume of 14,467,116. The firm has a market cap of $1.72 trillion, a PE ratio of 28.57, a P/E/G ratio of 1.42 and a beta of 1.24. Meta Platforms has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The company has a 50-day simple moving average of $581.05 and a 200-day simple moving average of $612.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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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.

Unity Software stock traded up $1.88 during trading on Wednesday, reaching $28.08. 10,830,714 shares of the company were exchanged, compared to its average volume of 11,266,098. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88. The stock's 50 day simple moving average is $20.89 and its two-hundred day simple moving average is $22.29. The company has a market capitalization of $11.67 billion, a P/E ratio of -16.71 and a beta of 2.29.

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GameStop (GME)

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

Shares of GME stock traded up $0.66 during trading on Wednesday, hitting $30.76. 4,496,844 shares of the stock traded hands, compared to its average volume of 15,784,793. The firm has a market capitalization of $13.76 billion, a P/E ratio of 170.90 and a beta of -0.76. The firm's fifty day moving average price is $27.14 and its 200-day moving average price is $27.38. GameStop has a 52-week low of $18.73 and a 52-week high of $48.00.

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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.

NYSE:BBY traded up $0.07 during mid-day trading on Wednesday, hitting $69.91. The stock had a trading volume of 1,054,266 shares, compared to its average volume of 3,319,428. Best Buy has a twelve month low of $54.99 and a twelve month high of $103.71. The stock has a 50-day simple moving average of $67.02 and a two-hundred day simple moving average of $78.53. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $14.80 billion, a PE ratio of 11.95, a PEG ratio of 2.10 and a beta of 1.25.

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EPAM Systems (EPAM)

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.

Shares of EPAM traded up $2.30 during midday trading on Wednesday, reaching $176.48. The stock had a trading volume of 232,903 shares, compared to its average volume of 779,450. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company's fifty day simple moving average is $164.21 and its two-hundred day simple moving average is $207.25. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems has a 1-year low of $138.15 and a 1-year high of $269.00.

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Ambarella (AMBA)

Ambarella, Inc. develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Shares of NASDAQ:AMBA traded up $0.43 on Wednesday, hitting $54.30. 585,995 shares of the company's stock were exchanged, compared to its average volume of 844,646. Ambarella has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a market capitalization of $2.30 billion, a PE ratio of -14.07 and a beta of 1.99. The firm's 50-day moving average is $51.30 and its 200 day moving average is $63.36.

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POET Technologies (POET)

POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.

POET traded up $0.16 on Wednesday, reaching $4.50. The company's stock had a trading volume of 779,929 shares, compared to its average volume of 1,271,366. The company has a market capitalization of $353.06 million, a price-to-earnings ratio of -7.63 and a beta of 0.19. POET Technologies has a fifty-two week low of $1.65 and a fifty-two week high of $7.79. The stock has a 50 day moving average of $4.09 and a two-hundred day moving average of $4.52.

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