Look Past The Setbacks And Give Nuburu Inc (AMEX: BURU) Another Chance

money audit

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 571.58K but it saw 1069579 shares traded in last market. With a market cap of 2.58M USD, the company’s current market price of $2.69 came falling about -15.41 while comparing to the previous closing price of $3.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $86.00 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $0.088 while lowest mark touched by it was $2.65.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $1.95, while its current price level is -96.87% below from 52-week high level whereas it is 427.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.80 while that of 200 days or SMA-200 reads an average of $5.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.66% during that period while stretching the period over a month that decreases to 30.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.06 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -24.65% down while it is 138.48% when we observe its performance for the past one month. Year-to-date it is -55.08% down and over the past year, the stock is showing a downside performance of -91.03%.

Currently, Nuburu Inc’s total number of outstanding shares is 0.92M. Company’s return on equity (ROE) at -335.28%. Stock’s beta reads -0.30. Stock has a price to sale or P/S ratio amounts to 1.51. Its return on asset (ROA) is -254.82% on average.