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

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 1.08M but it saw 925241 shares traded in last market. With a market cap of 2.26M USD, the company’s current market price of $0.62 came falling about -25.02 while comparing to the previous closing price of $0.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.71 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $0.6025 while lowest mark touched by it was $0.8498.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $1.4600, while its current price level is -96.71% below from 52-week high level whereas it is 20.78% 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 $1.5980 while that of 200 days or SMA-200 reads an average of $5.0043. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.20% during that period while stretching the period over a month that increases to 21.69%. 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 32.79 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -37.63% down while it is -83.33% when we observe its performance for the past one month. Year-to-date it is -89.71% down and over the past year, the stock is showing a downside performance of -96.69%.

Currently, Nuburu Inc’s total number of outstanding shares is 3.67M. Company’s return on equity (ROE) at -335.28%. Stock’s beta reads -0.23. Stock has a price to sale or P/S ratio amounts to 1.32. Its return on asset (ROA) is -254.82% on average.