Metaverse Stocks To Consider – May 8th

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 whose core businesses involve building or supporting immersive digital environments—such as virtual and augmented reality platforms, gaming worlds, blockchain‐powered marketplaces and related infrastructure. By holding these stocks, investors gain exposure to the growth potential of next-generation online experiences and the digital economies that underpin social, entertainment and commerce activities in the metaverse. 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.

NASDAQ NVDA traded up $0.96 on Thursday, reaching $118.02. The company had a trading volume of 128,305,773 shares, compared to its average volume of 297,306,702. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $2.88 trillion, a price-to-earnings ratio of 46.45, a PEG ratio of 1.76 and a beta of 2.11. The stock’s 50 day moving average is $110.21 and its 200-day moving average is $127.73.

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 $6.20 during midday trading on Thursday, reaching $312.29. 1,162,947 shares of the stock were exchanged, compared to its average volume of 2,976,557. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture has a 12 month low of $275.01 and a 12 month high of $398.35. The business has a 50-day simple moving average of $305.84 and a two-hundred day simple moving average of $343.60. The company has a market capitalization of $195.60 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 3.23 and a beta of 1.35.

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.

NYSE:GLOB traded up $8.16 on Thursday, reaching $131.16. The company’s stock had a trading volume of 471,726 shares, compared to its average volume of 835,686. The business’s 50-day moving average price is $120.26 and its two-hundred day moving average price is $181.77. Globant has a 1-year low of $96.23 and a 1-year high of $238.32. The firm has a market cap of $5.77 billion, a PE ratio of 35.26, a PEG ratio of 2.38 and a beta of 1.37.