At the last check on Friday, Nuburu Inc.’s (AMEX:BURU) stock was up $0.03, moving up 7.76 percent to $0.42. The average number of shares traded per day over the past five days has been 656,873 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0050 gain in that time frame. In the last twenty days, the average volume was 6,304,803, while in the previous 50 days, it was 2,570,887.
Since last month, BURU stock retreated -32.35%. Shares of the company fell to $0.3755 on 08/30/23, the lowest level in the past month. A 52-week high of $14.00 was reached on 02/01/23 after having rallying from a 52-week low of $0.38. Since the beginning of this year, BURU’s stock price has dropped by -94.97% or -$7.9050, and marked a new high 6 times. However, the stock has declined by -97.00% since its 52-week high.
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BURU stock investors should be aware that Nuburu Inc. (BURU) stock had its last reported insider trading activity 21 days ago on Aug 11. Seldin David, the 10% Owner of the company, disposed of 2,400 shares for $0.69 on Aug 11. It resulted in a $1,664 divestment by the insider. Seldin David sold 586,129 shares at an average price of $0.74 on Aug 10. The insider now owns 6,380 shares following the transaction. On Aug 09, 10% Owner Seldin David sold 35,824 shares at $0.68 apiece. The transaction was valued at $24,414.
Financial Health
In the recent quarter, Nuburu Inc.’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. Based on annual data, BURU earned $13.46 million in gross profit and brought in $1.96 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$6.34 million in EBITDA. The liabilities of Nuburu Inc. were 13.59 million at the end of its most recent quarter, and its total debt was $7.26 million. The value of shareholders’ equity is $35.41 million.
Technical Picture
This quick technical analysis looks at Nuburu Inc.’s (BURU) price momentum. With a historical volatility rate of 254.58%, the RSI 9-day stood at 40.92% on 31 August.
With respect to its five-day moving average, the current Nuburu Inc. price is up by +1.19% percent or $0.0050. At present, BURU shares trade -29.05% below its 20-day simple moving average and -86.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.84% below its SMA50 and -95.79% below its SMA200.
Stochastic coefficient K was 10.21% and Stochastic coefficient D was 6.27%, while ATR was 0.0718. Given the Stochastic reading of 20.25% for the 14-day period, the RSI (14) reading has been calculated as 40.34%. As of today, the MACD Oscillator reading stands at -0.0183, while the 14-day reading stands at -0.0458.
Analyst Ratings
Nuburu Inc. (BURU) has been rated – by analysts. According to 0 brokerage firms, BURU is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nuburu Inc. stock as buy, with 0 recommending it as overweight.
