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Summary
- Facebook, Inc. (NASDAQ:FB) has a P/E ratio of 26.79. The stock closed at US$363.51 on Aug 6 and gained 32.38% YTD.
- Microsoft Corporation (NASDAQ:MSFT) P/E ratio is 35.81. The stock returned 29.63% YTD and closed at US$289.46 on Aug 6.
- com, Inc. (NASDAQ:AMZN) P/E ratio is 58.25. The stock gave a 2.61% return YTD and closed at US$3344.94 on AUG 6, 2021.
Mark Zuckerberg has recently indicated plans to turn Facebook into a metaverse company where people can live, play, and work in the virtual world across devices.
No surprise that Zuckerberg is building a special product team with experts from the gaming background to turn his dream into a reality. His comments drew attention from various quarters over the past week.
The term was first coined by American novelist Neal Stephenson in 1992. Metaverse means a virtual reality where the real and virtual world meets. Here we explore the top 5 metaverse stocks drawing investors’ attention.
Also Read: Five e-commerce stocks that could beat the pandemic blues
Source – pixabay
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Facebook, Inc. (NASDAQ:FB) is a US$1 trillion company with a P/E ratio of 26.79 and a forward P/E for one year of 25.78. It plans to turn the company into a metaverse. Last week, CEO Mark Zuckerberg announced to build a product team for the metaverse project, and since then, the term ‘Metaverse’ has been trending.
FB revenue for the June quarter was US$29.1 billion compared to US$18.7 billion in the previous year’s June quarter. Its net income was US$10.4 billion or US$3.61 per share diluted compared to US$5.18 billion or US$1.80 per share diluted in the year-ago period.
Its daily and monthly active users rose by 7% YoY. Its total headcounts also increased by 21% YoY to 63,404 as of June 30, 2021.
The stock closed at US$ 363.51 on Aug 6 and gained 32.38% YTD.
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Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of US$ 2 trillion and a P/E ratio of 35.81 with a forward P/E for one year 33.62. Its current dividend yield is 0.77%, and its annualized dividend is US$ 2.24.
The software company earned a revenue of 46.2 billion, a 21% increase year-over-year. The net income was US$ 16.5 billion, a 42% increase over the same period of the last year. The earnings per share diluted were US$ 2.17 compared to US$ 1.46 in the June quarter of 2020.
The stock made 29.63% growth YTD and closed at US$ 289.46 on Aug 6.
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Amazon.com, Inc. (NASDAQ:AMZN) market capitalization is US$ 1.7 trillion, and the P/E ratio is 58.25 with a forward P/E for one year 62.79. The company does not pay dividends.
The leading online retailer and e-commerce aggregator has all the reasons to go for creating the metaverse.
The revenue for Amazon for the June quarter was US$ 113 billion compared to US$ 88.9 billion in the June quarter of 2020. The net income for the company was US$ 7.78 billion or US$ 15.12 per share diluted compared to US$ 5.24 billion or US$ 10.30 per share diluted in a year-ago period.
Its stock gave a return of 2.61% YTD and closed at US$ 3344.94 on Aug 6, 2021.
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NVIDIA Corporation (NASDAQ:NVDA) designs and produces graphics processing units. The chips are used in gaming, data centers, high-end servers, and infotainment systems. Metaverse companies need these chips to create their system.
Nvidia is likely to see more demand as the metaverse concept develops because of its credit in GPU chips.
The company will declare its second-quarter results on Aug 18.
For the quarter ended May 2, 2021, the revenue was US$ 5.66 billion compared to US$ 3.08 billion in the previous year May quarter. The net income was US$ 1.91 billion or US$ 3.03 per share diluted compared to US$ 917 million or US$ 1.47 per share diluted in the same duration in the previous year.
The stock generated a 55.46% return YTD and closed at US$ 203.66 on Aug 6, 2021.
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Source – pixabay
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Unity Software Inc. (NYSE:U) market capitalization is US$ 30.8 billion. However, the company does not pay dividends.
The company provides a software platform for creating real-time 3D interactive content, which can be used on mobile phones, PCs, tablets, and augmented and virtual reality devices.
It will release Q2 results on Aug 10 after market hours.
For the first quarter ended March 31, 2021, its revenue was US$ 234.77 million compared to US$ 166.99 million in the March quarter of 2020. It booked a net loss of US$ 107.46 million or US$ 0.39 per share diluted compared to US$ 26.74 million or US$ 0.21 per share diluted in the first quarter in the prior year.
Unity software stock reported -28.16% YTD and closed at US$ 107 on Aug 6, 2021.
Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
The reference data in this article has been partly sourced from EODHD/Others.
