Should Investors Trust The Upside Potential In Nuburu Inc (BURU)?

money audit

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 7.06M but it saw 1985549 shares traded in last market. With a market cap of 7.09M USD, the company’s current market price of $0.41 came falling about -3.07 while comparing to the previous closing price of $0.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.60 and as low as $0.39. In the recent trading on the day, stock has struck highest price mark of $0.4 while lowest mark touched by it was $0.427.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $0.5271, while its current price level is -97.35% below from 52-week high level whereas it is 7.17% 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 $0.5780 while that of 200 days or SMA-200 reads an average of $3.5572. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.85% during that period while stretching the period over a month that increases to 27.46%. 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 39.37 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -3.74% down while it is -43.30% when we observe its performance for the past one month. Year-to-date it is -93.09% down and over the past year, the stock is showing a downside performance of -94.60%.

Currently, Nuburu Inc’s total number of outstanding shares is 4.22M. Company’s return on equity (ROE) at -335.28%. Stock’s beta reads -0.24. Stock has a price to sale or P/S ratio amounts to 4.14. Its return on asset (ROA) is -254.82% on average.