Spotting A Winner: Nuburu Inc (AMEX: BURU) Retreats -13.06 And It Still Have Room To Run

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 7.83M but it saw 1699411 shares traded in last market. With a market cap of 7.67M USD, the company’s current market price of $0.38 came falling about -13.06 while comparing to the previous closing price of $0.44. 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 $0.3598 while lowest mark touched by it was $0.4281.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $0.5467, while its current price level is -97.58% below from 52-week high level whereas it is 136.38% 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 $0.4716 while that of 200 days or SMA-200 reads an average of $2.3006. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.94% during that period while stretching the period over a month that increases to 22.99%. 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 41.35 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -19.58% down while it is 5.03% when we observe its performance for the past one month. Year-to-date it is -43.16% down and over the past year, the stock is showing a downside performance of -93.10%.

The company is expected to be releasing its next quarterly report in February, 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 20.27M with 3.22% of that held by the insiders while 0.58% of its common stock has been owned by the institutions. Stock’s beta reads -0.41. Stock has a price to sale or P/S ratio amounts to 10.96. Its return on asset (ROA) is -257.02% on average.