Nuburu Inc. (AMEX:BURU) saw a downside of -10.82% to close Friday at $0.49 after subtracting -$0.06 on the day. The 5-day average trading volume is 1,778,980 shares of the company’s common stock. It has gained $0.6200 in the past week and touched a new high 2 times within the past 5 days. An average of 5,958,810 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,445,656.
BURU’s 1-month performance is -15.43% or -$0.0795 on its low of $0.4600 reached on 08/16/23. The company’s shares have touched a 52-week low of $0.45 and high of $14.00, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, BURU has lost -94.11% or -$7.8395 and has reached a new high 6 times. However, the current price is down -96.50% from the 52-week high price.
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Insider Transactions
BURU stock investors last saw insider trading activity on Aug 11.Seldin David (10% Owner) most recently sold 2,400 shares at $0.69 per share on Aug 11. This transaction cost the insider $1,664. 10% Owner, Seldin David, sold 586,129 shares at a price of $0.74 on Aug 10. Then, on Aug 09, 10% Owner Seldin David sold 35,824 shares at a price of $0.68 per share. This transaction amounted to $24,414.
Valuation Metrics
BURU stock has a beta of 0.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.73.
Nuburu Inc.’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.40. The firm’s gross profit as reported stood at $13.46 million against revenue of $1.96 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$6.34 million. BURU stock balance sheet for the recent quarter shows that total liabilities totaled 13.59 million, with total debt at $7.26 million. Shareholders hold equity totaling $35.41 million.
Let’s look briefly at Nuburu Inc. (BURU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 40.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 253.78%.
The stock’s 5-day moving average is $0.5136, reflecting a -15.84% or -$0.0923 change from its current price. BURU is currently trading -16.15% above its 20-day SMA, -89.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.79% and SMA200 by-95.12%.
Stochastic %K and %D was 2.67% and 2.03% and the average true range (ATR) pointed at 0.1512. The RSI (14) points at 41.41%, while the 14-day stochastic is at 1.80% with the period’s ATR at 0.1391. The stock’s 9-day MACD Oscillator is pointing at -0.0832 and -0.0894 on the 14-day charts.
