Top Metaverse Stocks to Watch This Week
Exploring Prominent Companies in the Metaverse Space
Seven notable stocks from companies involved in the Metaverse are generating interest among investors, according to MarketBeat’s stock screener. These companies are actively engaged in creating hardware, software, or services that facilitate virtual and augmented reality environments. The Metaverse stocks spotlighted today include NVIDIA, Accenture, Globant, Everbright Digital, SK Telecom, Super League Enterprise, and Alset, all of which exhibited significant trading volumes recently.
A Closer Look at Individual Stocks
NVIDIA (NVDA)
NVIDIA Corporation specializes in graphic computing and networking solutions distributed across various regions, including the U.S., Taiwan, and China. Known for its GeForce GPUs, the company supports gaming platforms and provides software for Metaverse and 3D applications. On Wednesday, NVIDIA shares rose by $1.27, reaching a price point of $145.39, with over 74 million shares traded, well below its usual volume. With a market capitalization of $3.55 trillion, NVIDIA’s stock has fluctuated between $86.62 and $153.13 in the past year.
Accenture (ACN)
Accenture plc operates as a global professional services firm offering strategic consulting and technology services. Its diverse portfolio includes application modernization, automation solutions, and Metaverse-related services. On Wednesday, Accenture’s stock dipped by $1.90 to settle at $310.13, with trading volume falling short of its average. The company boasts a market cap of $194.25 billion, with shares oscillating between $275.01 and $398.35 in the last year.
Globant (GLOB)
Globant S.A. provides a range of technology services worldwide, encompassing blockchain, cloud, artificial intelligence, and Metaverse solutions. The stock price fell by $3.00 on Wednesday, landing at $89.62, with trading volume at around 735,982 shares. Globant holds a market cap of $3.95 billion, with a 52-week trading range between $88.03 and $238.32.
Everbright Digital (EDHL)
Based in Hong Kong, Everbright Digital offers comprehensive marketing solutions tailored to navigate the evolving digital landscape of the Metaverse. Shares rose by $0.52 on Wednesday, reaching $5.70, with impressive trading volume surpassing its average. The stock has seen lows of $3.51 and highs of $6.06 in the past year.
SK Telecom (SKM)
Operating primarily in South Korea, SK Telecom offers a wide array of telecommunications services. Its focus includes not only traditional cellular services but also innovative solutions related to the Metaverse. On Wednesday, the stock increased by $0.17 to $22.20, with a trading volume that was below average. The company maintains a market capitalization of $8.74 billion and has recorded a trading range between $19.84 and $24.58 over the past year.
Super League Enterprise (SLE)
Super League Enterprise, Inc. develops immersive content and media solutions designed for dynamic digital environments. The stock remained relatively stable at $0.11 on Wednesday, with significant trading activity. Showing resilience, the stock has a historical low of $0.10 and a high of $1.64.
Alset (AEI)
Alset Inc. diversifies its operations into real estate, financial services, and digital technology, among other sectors. Earlier this week, shares went up by $0.06, reaching $0.90 amidst strong trading activity. Over the past year, Alset’s stock has varied from a low of $0.70 to a high of $2.61.
Conclusion
These companies represent a strong slice of the evolving Metaverse sector. Investors are closely watching their developments amid the growing interest and investment in immersive and virtual environments. Engaging with these stocks could offer unique opportunities for gaining exposure to the future of digital experiences.