With 19.62M Outstanding Shares, Can Nuburu Inc (AMEX: BURU) Deliver Big Short-Term Gains?

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 10.81M but it saw 814915 shares traded in last market. With a market cap of 8.63M USD, the company’s current market price of $0.43 came rising about 1.69 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 $0.16. In the recent trading on the day, stock has struck highest price mark of $0.4052 while lowest mark touched by it was $0.4442.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $0.4112, while its current price level is -97.23% below from 52-week high level whereas it is 170.56% 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 $0.4765 while that of 200 days or SMA-200 reads an average of $2.7526. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.61% during that period while stretching the period over a month that increases to 31.14%. 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 49.45 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving 55.44% up while it is -10.67% when we observe its performance for the past one month. Year-to-date it is -92.97% down and over the past year, the stock is showing a downside performance of -91.96%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Nuburu Inc’s total number of outstanding shares is 19.62M. Company’s return on equity (ROE) at -335.28%. Stock’s beta reads -0.20. Stock has a price to sale or P/S ratio amounts to 12.33. Its return on asset (ROA) is -257.02% on average.