Nuburu Inc (AMEX: BURU) Stock Declined -6.97% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Nuburu Inc (AMEX:BURU) does about 6.78M shares in volume on a normal day but saw 1197064 shares change hands in the recent trading day. The company now has a market cap of 8.43M USD. Its current market price is $0.45, marking an increase of 0.45% compared to the previous close of $0.45. The 52 week high reached by this stock is $15.60 whilst the lowest price level in 52 weeks is $0.38.

Nuburu Inc (BURU) has a 20-day trading average at $0.4566 and the current price is -97.11% off the 52-week high compared with 17.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5570 and its 200-day simple moving average is $3.3035. If we look at the stock’s price movements over the week, volatility stands at 9.01%, which increases to 16.20% 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 43.63 to suggest the stock is neutral.

The current price level is -1.23%, -19.03%, and -86.35% 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 -6.97% over the week and -22.77% over the past month. Its price is -92.47% year-to-date and -94.16% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 18.69M with insiders holding 3.22% of the shares and institutional holders owning 0.58% of the company’s common stock. The company has a return on equity of -335.28%. The beta has a value of -0.23. Price to sales ratio is 12.04.