Nuburu Inc (AMEX:BURU) traded at $1.10 at close of the session on current trade day and made an upward move of 5.77% on its previous day’s price.
Looking at the stock we see that its previous close was $1.04 and the beta (5Y monthly) reads -0.264 with the day’s price range being $1.04 – $1.27. In terms of its 52-week price range, BURU has a high of $15.60 and a low of $0.39. The company’s stock has gained about 151.43% over that past 30 days.
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Nuburu Inc has a market cap of $4.64 million and is expected to release its quarterly earnings report in November.
On the other hand, looking at the outlook for the BURU stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is 79.74% off its SMA20 and -1.54% from its 50-day simple moving average. The RSI (14) is pointing at 61.31 while the volatility over the past week is 51.33% and jumps to 27.03% over the past one month. The beta value is -0.31, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Nuburu Inc (AMEX:BURU), we note that the average 3-month trading volume was 4.40 million, while that of the preceding 10-day period stands at 20.51 million. Current shares outstanding are 4.22 million.
The insiders hold 13.71% of the company’s shares while institutions hold 0.07%. The data shows that short shares as of 2024-09-30, stood at 87761.0 at a short ratio of 0.06. This represents a 213.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 87001.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -81.63% down in year-to-date price movement.
