You Should Buy These 2 Metaverse Stocks Anytime Soon
Buying Metaverse stock right away can be risky. Let’s take a closer look at these two Metaverse partner companies.
Today, the Metaverse company name has appeared in almost every headline since Facebook changed its name. Yet no one knows how successful a company will be. However, some companies will still benefit if Metaverse bears its fruit.
We’re talking about companies like CrowdStrike and Unity Software that provide services to Metaverse. Neither is betting on Metaverse, but both will be winners if they change the world. You can get more upside potential with less risk by taking a more conservative approach to investing in these stocks.
CrowdStrike secures the metaverse
The first company provides software for securing network access points. Currently, Crowdstrike can’t offer a purpose-built solution to the metaverse. However, its clients include video game companies, for example, The Pokémon Company. Now they provide content for the metaverse. The security of these companies is a top priority as users of the metaverse want their data to be protected.
Even without any of the catalysts related to the metaverse, CrowdStrike is overgrowing. In the third quarter of 2021 (including October), revenue increased 63% to $380 million. The exact figure for the year reached $1.51 billion.
CrowdStrike is at the forefront of its field. Therefore, the company is appreciated by investors. Although the company’s share price has dropped by $100 since mid-November, the price-to-sales ratio (P/S) remains relatively high at 35.
It is a fast-growing security provider offering services to many other companies. CrowdStrike has one compelling investment argument: cooperation with the metaverse will only increase the company’s popularity.
Unity Software visualizes the metaverse
The software developed by the company allows creating content in 2D, 3D, augmented reality (AR), and virtual reality (VR) for several industries. Although Unity’s services were previously used only by video game developers, now it is expanding its presence in areas such as engineering and architecture.
Unity’s Q3 revenue growth was 43%. The number of customers spending more than $100,000 increased by 31.6% to 973. The most impressive indicator was the company’s expansion rate in dollar terms. Even though it is down compared to last year’s same period, it’s still an incredible 142% up.
Like CrowdStrike, Unity has a solid P/S ratio of 40.
Let’s summarize
Both companies can influence the future of the metaverse. Should the “metaverse” plan fail, CrowdStrike and Unity Software will remain a successful investment. But the stocks of these companies are not for investors who don’t tolerate volatility. In 2021, both experienced falls of more than 30% from their highs.
However, it would help if you considered buying these stocks while they are not trading too high. While the metaverse success remains in question, CrowdStrike and Unity will remain strong in their respective industries.
