MarketBeat analysts have recently found five stocks that are poised to take off in this exciting new metaverse frontier. They suggest making these investments while the rest of the market is still sleeping. The outlook highlights businesses well positioned to succeed in an expanding metaverse. Most conspicuously, it excludes NVIDIA – the foremost company in graphics processing technology that’s widely associated with metaverse creation. Accenture (ACN) and Globant S.A. (GLOB) had opposite fortunes in their recent trading. This juxtaposition showcases the fickle nature of the metaverse market.

Accenture's Market Performance

Here’s how Accenture (ACN)—which is a professional services firm that provides consulting and technology services—fared as of Tuesday’s midday trading. Shares of TCI fell by $3.75 to close at $303.96. Accenture’s share trading volume plunged by three-quarters yesterday. Just 1,189,231 shares changed hands, far short of the daily norm of 2,974,589 shares.

The company’s stock has had a wild ride in the last year. Accenture’s share price is currently $277.77, down -13.5% from its 12-month high of $398.35.

Accenture is now the 21st largest stock in the S&P 500 with an impressive $190.38 billion market cap. The company’s financial metrics are strong, with a P/E of 25.50 and a PEG of 3.23. Its beta is 1.35.

Looking at short-term and long-term moving averages gives us even more perspective on Accenture’s stock performance. The stock’s 50 day moving average is $307.74 and its 200-day moving average is $344.13.

Accenture maintains a healthy balance sheet. The company’s debt to equity ratio is 0.17, and the company has a quick ratio of 1.47 and a current ratio of 1.66.

Globant S.A.'s Positive Trading

Globant S.A. (GLOB) saw a slight increase in its stock value during Tuesday's midday trading. The stock price gained $0.48 to $118.30.

If you put money into Globant S.A., you will make a prudent decision. This is indicative of its place as a major player in the overall metaverse landscape.

MarketBeat's Metaverse Stock Recommendations

MarketBeat's identification of top metaverse stocks underscores the growing investor interest in companies poised to benefit from the metaverse's expansion. The most curious omission, perhaps, is NVIDIA. The company is therefore fundamental to the hardware infrastructure on which virtual reality and metaverse applications will materialize.

The analysts' focus on other companies suggests a broader perspective on the metaverse, encompassing software development, content creation, and platform services. Investors are keenly observing these dynamic shifts.

The vastly different results of Accenture and Globant S.A. illustrate the unique volatility and the varied opportunities and threats within the metaverse space. These market swings underscore the critical need for careful research and smart investment choices.