Nuburu Inc (AMEX:BURU) price on Friday, November 15, rose 4.90% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.43.
A look at the stock’s price movement, the close in the last trading session was $0.41, moving within a range at $0.4001 and $0.4539. The beta value (5-Year monthly) was -0.255. Turning to its 52-week performance, $15.60 and $0.38 were the 52-week high and 52-week low respectively. Overall, BURU moved -37.04% over the past month.
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Nuburu Inc’s market cap currently stands at around $7.36 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BURU is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BURU’s current price about -14.41% and -24.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.95, while 7-day volatility ratio is 16.51% and 21.81% in the 30-day chart. Further, Nuburu Inc (BURU) has a beta value of -0.26, and an average true range (ATR) of 0.13.
If we refocus on Nuburu Inc (AMEX:BURU), historical trading data shows that trading volumes averaged 8.28 over the past 10 days and 6.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.22 million shares.
The 13.71% of Nuburu Inc’s shares are in the hands of company insiders while institutional holders own 2.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.34 million on 2024-10-31, giving us a short ratio of 0.03. The data shows that as of 2024-10-31 short interest in Nuburu Inc (BURU) stood at 822.9999000000001 of shares outstanding, with shares short rising to 87761.0 registered in 2024-09-30. Current price change has pushed the stock -92.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BURU stock continues to rise going into the next quarter.
