Top Virtual Reality Stocks to Monitor - March 20

Meta Platforms, EPAM Systems, Best Buy, Unity Software, and GameStop are notable stocks in the virtual reality (VR) sector that investors should monitor as of March 20, according to MarketBeat's stock screener tool. Virtual reality stocks represent shares of companies engaged in developing, manufacturing, or selling VR hardware, software, or content. These equities allow investors to tap into the burgeoning VR industry, which spans various fields including entertainment, education, and healthcare that utilize immersive technology. Recently, these five companies showcased the highest dollar trading volumes among virtual reality stocks.

Meta Platforms (META)

Meta Platforms, Inc. is focused on creating products that facilitate connections and sharing among users via mobile devices, PCs, VR headsets, and wearables across the globe. The company functions in two major segments: Family of Apps and Reality Labs. Within the Family of Apps, services include Facebook for sharing interests, Instagram for photo and video sharing, Messenger for texting and calls, and WhatsApp for private communication.

During trading on Thursday, shares of Meta Platforms increased by $11.88, closing at $595.94. The stock’s trading volume was 13,844,530 shares, slightly higher than its average of 13,679,447 shares. Key financial metrics show a debt-to-equity ratio of 0.16, a current ratio of 2.98, and a quick ratio of 2.98. Over the last 52 weeks, the stock has fluctuated between a low of $414.50 and a high of $740.91, leading to a market cap of $1.51 trillion and a price-to-earnings ratio of 24.90.

EPAM Systems (EPAM)

EPAM Systems, Inc. delivers digital platform engineering and software development services on a global scale. The company offers engineering services, including requirement assessments, platform selection, customization, and integration, as well as infrastructure management services such as software development and maintenance.

On Thursday, the stock of EPAM Systems dipped by $8.27, reaching a price of $172.60. The trading volume was recorded at 781,522 shares against an average of 650,450. It holds a debt-to-equity ratio of 0.01, a current ratio of 2.96, and a splendid quick ratio of 4.56. The stock has a 52-week low of $169.43 and a high of $295.59, with a total market capitalization of $9.82 billion and a price-to-earnings ratio of 22.00.

Best Buy (BBY)

Best Buy Co., Inc. operates as a retailer of technology products across the United States, Canada, and beyond. Their physical and online stores offer a wide range of computing and mobile devices, mobile phones, tablets, and consumer electronics among other technology-related products.

On Thursday, Best Buy’s stock rose by $0.39 to a price of $74.18. The trading volume stood at 895,669 shares, while the average volume was 2,967,128 shares. The company has a manageable debt-to-equity ratio of 0.37, a current ratio of 1.00, and a quick ratio of 0.22. The stock ranged from a low of $69.29 to a high of $103.71 over the past year and has a market cap of $15.86 billion, alongside a price-to-earnings ratio of 12.69.

Unity Software (U)

Unity Software Inc. operates a platform for real-time 3D development that provides software solutions for creating interactive, real-time content used in mobile devices, tablets, PCs, consoles, and AR/VR applications. Their offerings are accessible through direct online sales as well as various resellers worldwide.

On Thursday, Unity Software shares fell by $0.42, settling at a price of $21.14. The stock had a trading volume of 2,379,113 shares, lower than its average of 10,554,197. Financial ratios indicate a debt-to-equity ratio of 0.70, a current ratio of 2.41, and a quick ratio of 2.41. The stock saw a range of $13.90 to $30.88 within the last fifty-two weeks, holding a market capitalization of $8.66 billion. Presently, it has a negative price-to-earnings ratio of -12.59.

GameStop (GME)

GameStop Corp. specializes in retailing games and entertainment products through their storefronts and ecommerce channels in the U.S., Canada, Australia, and Europe. They sell both new and pre-owned gaming consoles and accessories, as well as VR products and software.

GameStop’s stock slightly decreased by $0.01 on Thursday, reaching $23.70. The total shares traded were reported at 1,205,791, with the average trading volume being 19,316,043. The company holds a market cap of $10.59 billion and a price-to-earnings ratio of 131.58. The stock has fluctuated between a low of $9.95 and a high of $64.83 in the past twelve months.

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