Top Virtual Reality Stocks Worth Watching - March 24th

As the virtual reality (VR) sector continues to expand, investors are taking note of promising stocks within the industry. Currently, five companies stand out in the VR space: Meta Platforms, Best Buy, GameStop, Unity Software, and EPAM Systems, as identified by stock screening tools. These companies are heavily involved in the development, manufacturing, or distribution of VR products and services, ranging from hardware like VR headsets to software platforms and related technologies. Their recent trading volumes have underscored their rising significance in the market.

Meta Platforms (META)

Meta Platforms, Inc. is a global leader in creating digital products that enhance connections among people. The company focuses on platform development for mobile devices, personal computers, and virtual reality headsets. Meta operates primarily in two segments: the Family of Apps and Reality Labs. In the Family of Apps segment, major platforms include Facebook—a space for users to share and connect—and Instagram, which focuses on photo and video sharing. Messenger and WhatsApp are also under this division, enabling text, audio, and video communications for both individuals and businesses.

Recently, shares of Meta Platforms saw an increase of $17.63, closing at $613.88 with a trading volume of over 10 million shares. The company’s debt-to-equity ratio stands at a commendable 0.16, with a quick ratio of 2.98, a current ratio of 2.98, and market capitalization reaching $1.56 trillion. Over the past year, the stock price fluctuated between a low of $414.50 and a record high of $740.91, showing a strong market presence.

Best Buy (BBY)

Best Buy Co., Inc. is a leading retailer that sells a wide array of technology products in the United States and internationally. Its inventory includes computing devices, mobile phones, tablets, smart home technology, and various consumer electronics. The company provides customers with an extensive selection of products, including home theaters and fitness gadgets.

On Monday, Best Buy shares rose $1.19 to $74.75, with a trading volume of approximately 1.48 million shares. The stock has a market cap of $15.98 billion, with a P/E ratio of 12.79 and 52-week share price oscillations between $69.29 and $103.71, reflecting its competitive position in the market.

GameStop (GME)

GameStop Corp. specializes in selling video games and entertainment products through its physical and online stores across various countries. The company’s offerings comprise gaming consoles, accessories such as VR products, and new and pre-owned gaming software.

On Monday, shares of GameStop traded up by $0.83, reaching $25.58. The stock’s trading volume for the day was 3,272,130 shares, indicating a consistent interest in the company. The stock experiences a volatility with a beta of -0.29 and has seen a price range from a low of $9.95 to a high of $64.83 within the past year.

Unity Software (U)

Unity Software Inc. creates a real-time 3D development platform that allows users to design, run, and monetize interactive content across mobile, desktop, console, and VR/AR devices. Their offerings are accessible online and through various global distributions.

Stock for Unity Software traded up $1.04 to hit $22.59, with a total volume of 3,665,572 shares exchanged. The company currently exhibits a P/E ratio of -13.45 and is valued at around $9.25 billion in market cap, with its stock price fluctuating between $13.90 and $30.88 over the last year.

EPAM Systems (EPAM)

EPAM Systems, Inc. offers comprehensive digital platform engineering and software development services. Focusing on custom solutions, the firm provides engineering services, infrastructure management, and various development support.

EPAM Systems shares rose $2.31 to $177.61 with a volume of 213,164 shares traded publicly. The stock is supported by strong fundamentals with a market cap of $10.10 billion, a P/E ratio of 22.74, and it has seen price highs of $281.62 and lows of $169.43 within the preceding year.

Conclusion

These five companies—Meta Platforms, Best Buy, GameStop, Unity Software, and EPAM Systems—are at the forefront of the virtual reality industry. As VR technology continues to evolve, keeping an eye on these stocks could provide valuable insights and investment opportunities.

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