Nuburu Inc. (AMEX:BURU) finished Wednesday with a subtraction of $0.0 to close at $0.46, a downside of 0.00 percent. An average of 1,562,460 shares of common stock have been traded in the last five days. There was a fall of -$0.0150 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 6,103,830 shares traded, while the 50-day average volume stands at 2,499,812.
BURU stock has decreased by -21.97% in the last month. The company shares reached their 1-month lowest point of $0.4303 on 08/21/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.43 and a high of $14.00 in 52 weeks. It has reached a new high 6 times so far this year and lost -94.48% or -$7.8700 in price. In spite of this, the price is down -96.71% from the 52-week high.
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Insider Transactions
BURU stock investors should be aware that Nuburu Inc. (BURU) stock had its last reported insider trading activity 13 days ago on Aug 11. In this transaction, the insider spent $1,664. 10% Owner, Seldin David, disposed of 586,129 shares at a price of $0.74 on Aug 10. The insider now owns more than $434,204 worth of shares. Prior to that, 10% Owner Seldin David went on to Sale 35,824 shares at $0.68 each on Aug 09. An amount of $24,414 was transacted.
Valuation Metrics
Nuburu Inc. (BURU) stock’s beta is 0.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.31.
Financial Health
The quick ratio of Nuburu Inc. for the recent quarter was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $13.46 million compared to revenue of $1.96 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nuburu Inc.’s return on assets was -153.20%.
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 23 August was 38.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 256.70%.
As of today, BURU’s price is $0.4811 -3.16% or -$0.0150 from its 5-day moving average. BURU is currently trading -20.69% lower than its 20-day SMA and -87.63% lower than its 100-day SMA. However, the stock’s current price level is -35.06% below the SMA50 and -95.43% below the SMA200.
The stochastic %K and %D were 1.44% and 1.86%, respectively, and the average true range (ATR) was 0.1224. With the 14-day stochastic at 1.73% and the average true range at 0.1222, the RSI (14) stands at 40.07%. The stock has reached -0.0467 on the 9-day MACD Oscillator while the 14-day reading was at -0.1050.
