Investors Getting Picky When It Comes To Buying Nuburu Inc (BURU)

Nuburu Inc (AMEX:BURU) does about 1.11M shares in volume on a normal day but saw 12568244 shares change hands in the recent trading day. The company now has a market cap of 2.46M USD. Its current market price is $0.67, marking an increase of 29.59% compared to the previous close of $0.52. The 52 week high reached by this stock is $17.60 whilst the lowest price level in 52 weeks is $0.49.

Nuburu Inc (BURU) has a 20-day trading average at $1.2683 and the current price is -96.19% off the 52-week high compared with 36.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5727 and its 200-day simple moving average is $4.9214. If we look at the stock’s price movements over the week, volatility stands at 32.33%, which decreases to 23.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.55 to suggest the stock is neutral.

The current price level is -50.42%, -57.69%, and -86.50% away from its SMA20, SMA50, and SMA200 respectively, with the BURU price moving above the 50-day SMA on current market day. Nuburu Inc (BURU) stock is down -26.14% over the week and -75.09% over the past month. Its price is -88.81% year-to-date and -95.91% over the past year.

Outstanding shares total 3.67M with insiders holding 13.09% of the shares and institutional holders owning 0.00% of the company’s common stock. The company has a return on equity of -335.28%. The beta has a value of -0.06. Price to sales ratio is 1.44.