Nuburu Inc (AMEX:BURU) shares, rose in value on Friday, October 11, with the stock price up by 2.95% to the previous day’s close as strong demand from buyers drove the stock to $1.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.03, falling within a range of $1.03 and $1.17. The value of beta (5-year monthly) is -0.264. Referring to stock’s 52-week performance, its high was $15.60, and the low was $0.39. On the whole, BURU has fluctuated by 76.41% over the past month.
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With the market capitalization of Nuburu Inc currently standing at about $4.47 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BURU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The price of BURU currently trading nearly 81.84% and -10.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.16, while the 7-day volatility ratio is showing 56.92% which for the 30-day chart, stands at 28.00%. Furthermore, Nuburu Inc (BURU)’s beta value is -0.37, and its average true range (ATR) is 0.23.
A comparison of Nuburu Inc (BURU) with its peers suggests the former has fared considerably weaker in the market. BURU showed an intraday change of 2.95% in today’s session so far, and over the past year, it shrunk by -90.91%%.
Data on historical trading for Nuburu Inc (AMEX:BURU) indicates that the trading volumes over the past 10 days have averaged 19.61 and over the past 3 months, they’ve averaged 4.34 million. According to company’s latest data on outstanding shares, there are 4.22 million shares outstanding.
Nearly 15.76% of Nuburu Inc’s shares belong to company insiders and institutional investors own 0.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 87761.0 shares as on 2024-09-30, resulting in a short ratio of 0.06. According to the data, the short interest in Nuburu Inc (BURU) stood at 213.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 87001.0. The stock has fallen by -82.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BURU stock heading into the next quarter.
