Promising Virtual Reality Stocks To Add to Your Watchlist – March 2nd

Meta Platforms, Unity Software, Best Buy, EPAM Systems, Ambarella, GameStop, 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 companies engaged in the development, production, and distribution of virtual reality hardware and software products. These stocks offer investors exposure to the growing technology sector involved in immersive digital experiences across industries such as gaming, education, and simulation training. 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 $9.96 during midday trading on Friday, hitting $668.20. The stock had a trading volume of 17,515,497 shares, compared to its average volume of 13,630,890. The company has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $653.18 and a 200 day moving average price of $596.59.

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.

Shares of NYSE U traded down $0.60 during midday trading on Friday, hitting $25.58. The stock had a trading volume of 13,728,765 shares, compared to its average volume of 12,864,354. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of -15.22 and a beta of 2.32. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average price of $22.82 and a 200 day moving average price of $21.52.

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.

Shares of NYSE BBY traded up $1.43 during midday trading on Friday, hitting $90.05. The stock had a trading volume of 3,352,627 shares, compared to its average volume of 2,512,141. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 2.10 and a beta of 1.43. Best Buy has a 1-year low of $69.29 and a 1-year high of $103.71. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $86.40 and a 200 day moving average price of $90.62.

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 NYSE EPAM traded down $2.29 during midday trading on Friday, hitting $206.02. The stock had a trading volume of 1,406,839 shares, compared to its average volume of 665,868. The company has a fifty day moving average price of $239.96 and a 200 day moving average price of $222.81. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.38 and a beta of 1.51. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50.

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.

Ambarella stock traded down $1.40 during midday trading on Friday, hitting $61.43. 1,958,405 shares of the company were exchanged, compared to its average volume of 822,276. The company’s fifty day moving average price is $76.07 and its 200-day moving average price is $65.18. The company has a market cap of $2.56 billion, a PE ratio of -15.91 and a beta of 1.66. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15.

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.

GameStop stock traded up $0.59 during midday trading on Friday, hitting $25.07. 4,123,810 shares of the company were exchanged, compared to its average volume of 6,303,334. The company’s fifty day moving average price is $28.28 and its 200-day moving average price is $25.47. The company has a market cap of $11.20 billion, a PE ratio of 139.26 and a beta of -0.11. GameStop has a fifty-two week low of $9.95 and a fifty-two week high of $64.83.

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 Technologies stock traded up $0.07 during midday trading on Friday, hitting $3.93. 1,192,620 shares of the company were exchanged, compared to its average volume of 1,904,415. The company’s fifty day moving average price is $5.15 and its 200-day moving average price is $4.34. The company has a market cap of $306.68 million, a PE ratio of -6.66 and a beta of 0.38. POET Technologies has a fifty-two week low of $1.00 and a fifty-two week high of $7.79.