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    3 Metaverse Stocks Showing Growth, Should You Buy Them in 2024?

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    The concept of a metaverse has been around for decades, but today people are working on this computing technology. High-tech companies started putting really significant financial and engineering resources into it.

    Three Metaverse Stocks Worth Portfolio Candidates as Explained Below

    Unity Software Inc. (NYSE:U)

    Unity provides an immersive experience. It also provides training and guidance delivered in augmented reality (AR) to reduce errors and improve knowledge transfer.

    Unity Software Inc. is an American video game software development company based in San Francisco. Founded in 2004 and renamed in 2007. Unity is a licensed game engine used to create video games and other applications.

    The stock's previous closing price was $42.69, according to Google Finance. Market capitalization is $15.54 billion. Average volume is 11.42 million. Revenue was $544.21 million, an increase of 68.55%. Net income was -$124.07 million, an increase of 50.38%. Net profit margin was -22.80, an increase of 70.55%. According to the data, the earnings per share was 0.32x, an increase of 325.43%.

    Unity acknowledged that the new fees caused friction with customers, but also suggested that the benefit from the new fees would be minimal in 2024 and that fees would rise as customers adopt new releases. Did.

    Meta Platforms Inc. (NASDAQ: META)

    Meta Platforms Inc (Meta), formerly known as Facebook Inc, provides social networking, advertising, and business insights solutions. It has become easier for people to connect with family and friends through major products such as Facebook, Instagram, and WhatsApp.

    The company has poured billions of dollars every quarter into the development of Metaverse through its Meta Quest AR/VR headset. According to Google Finance, the previous closing price was $358.32. The market capitalization is $909.63 billion. The stock's P/E ratio is 31.88 times. Earnings on stocks amounted to 34.15 billion, an increase of 23.21%.

    The stock shows net income of $11.58 billion, an increase of 163.55%. Net profit margin was 33.92, an increase of 113.87%. Earnings per share was 4.39 times, an increase of 167.68%. What should be ignored is that the company has over 3 billion monthly active users, and he also generated nearly $11.6 billion in net profit in the last quarter alone. The meta could be a big winner in the coming years.

    Coinbase Global Inc (NASDAQ: COIN)

    An American listed company that operates a virtual currency exchange platform. The company was founded by Brian Armstrong and Fred Arsam in his 2012. The previous closing price was $186.36, according to Google Finance stock price. The daily range is $171.00 to $187.25. The stock has a market capitalization of $41.61 billion. Average volume is 13.13 million.

    According to our data, this stock had revenue of 623 million, an increase of 8.09%. Net income was -$2.27 million, an increase of 99.58%. Net profit margin was -0.36, an increase of 99.62%. Earnings per share were -0.57, an increase of 73.38%.

    Coinbase Metaverse stock in the Metaverse industry is still in its very early stages, but Coinbase has shown growth in cryptocurrency trading. Therefore, the stock price is expected to show positive growth.

    summary

    Metaverse stocks are attracting investment, and now is the best time to invest as tech companies invest in Metaverse stocks. However, these stocks can be volatile. Therefore, you need expert guidance and knowledge in the field before making any investments.

    Disclaimer

    The views and opinions expressed by the author or persons named in this article are for informational purposes only. It does not constitute financial, investment, or other advice. Investing in or trading in stocks, virtual currencies, or related indices involves the risk of financial loss.

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