Nuburu Inc. (AMEX:BURU) finished Thursday with an addition of $0.09 to close at $0.74, an upside of 14.47 percent. An average of 21,179,738 shares of common stock have been traded in the last five days. There was a gain of $0.1242 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 5,344,350 shares traded, while the 50-day average volume stands at 2,248,540.
BURU stock has increased by 22.00% in the last month. The company shares reached their 1-month lowest point of $0.5356 on 07/11/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.45 and a high of $14.00 in 52 weeks. It has reached a new high 6 times so far this year and lost -91.07% or -$7.5858 in price. In spite of this, the price is down -94.68% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
BURU stock investors should be aware that Nuburu Inc. (BURU) stock had its last reported insider trading activity 3 days ago on Aug 08. In this transaction, the insider spent $8,753,845. 10% Owner, Seldin David, disposed of 15,001 shares at a price of $0.71 on Aug 07. The insider now owns more than $10,657 worth of shares. Prior to that, 10% Owner Seldin David went on to Sale 53 shares at $0.72 each on Jun 22. An amount of $38 was transacted.
Valuation Metrics
Nuburu Inc. (BURU) stock’s beta is 0.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.12, the price-to-book (PB) ratio at 24.81.
Financial Health
The quick ratio of Nuburu Inc. for the recent quarter was 0.40, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $13.46 million compared to revenue of $1.96 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nuburu Inc. (BURU) price momentum. RSI 9-day as of the close on 10 August was 63.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 185.12%.
As of today, BURU’s price is $0.6649 +20.03% or $0.1242 from its 5-day moving average. BURU is currently trading +20.36% higher than its 20-day SMA and -82.02% lower than its 100-day SMA. However, the stock’s current price level is +6.33% above the SMA50 and -92.60% below the SMA200.
The stochastic %K and %D were 9.79% and 14.01%, respectively, and the average true range (ATR) was 0.2095. With the 14-day stochastic at 11.77% and the average true range at 0.1637, the RSI (14) stands at 59.36%. The stock has reached 0.0703 on the 9-day MACD Oscillator while the 14-day reading was at 0.0870.
