Nuburu Inc (AMEX: BURU) – Time For Strategy Change?

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 7.42M but it saw 4300570 shares traded in last market. With a market cap of 4.77M USD, the company’s current market price of $0.23 came falling about -6.37 while comparing to the previous closing price of $0.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.60 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.2052 while lowest mark touched by it was $0.2599.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $0.3322, while its current price level is -98.49% below from 52-week high level whereas it is 52.99% 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 $0.4278 while that of 200 days or SMA-200 reads an average of $1.7851. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.24% during that period while stretching the period over a month that increases to 24.74%. 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 37.48 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -2.37% down while it is -50.03% when we observe its performance for the past one month. Year-to-date it is -64.68% down and over the past year, the stock is showing a downside performance of -96.23%.

The company is expected to be releasing its next quarterly report in March, 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 -0.42. Stock has a price to sale or P/S ratio amounts to 9.16. Its return on asset (ROA) is -325.45% on average.