With 20.27M Outstanding Shares, Can Nuburu Inc (AMEX: BURU) Deliver Big Short-Term Gains?

Nuburu Inc (AMEX:BURU) currently has a daily average trading volume of 15.82M but it saw 5808822 shares traded in last market. With a market cap of 3.55M USD, the company’s current market price of $0.17 came falling about -2.18 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.60 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.1611 while lowest mark touched by it was $0.1841.

Taking a look at 20-day trading activity of Nuburu Inc (BURU) gives us an average price of $0.2068, while its current price level is -98.88% below from 52-week high level whereas it is 20.94% 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 $0.2501 while that of 200 days or SMA-200 reads an average of $0.7542. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.83% during that period while stretching the period over a month that decreases to 16.77%. 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 37.55 which implies that the stock is in neutral territory.

Over the week, BURU’s stock price is moving -12.50% down while it is -14.22% when we observe its performance for the past one month. Year-to-date it is -73.70% down and over the past year, the stock is showing a downside performance of -96.91%.

The company is expected to be releasing its next quarterly report in May, 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 1.60% of that held by the insiders while 1.17% of its common stock has been owned by the institutions. Stock’s beta reads -0.27. Stock has a price to sale or P/S ratio amounts to 6.83. Its return on asset (ROA) is -325.45% on average.