The trading price of Nuburu Inc (AMEX:BURU) closed lower on Tuesday, June 17, and closing at $0.32, -10.41% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.45 and a 52-week low of $0.13. Over the past month, the stock has gained 114.83% in value.
Nuburu Inc, whose market valuation is $19.90 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest BURU has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that BURU’s price is currently 11.01% off the SMA20 and 51.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.54, and weekly volatility stands at 9.88%. When measured over the past 30 days, the indicator reaches 18.50%. Nuburu Inc (AMEX:BURU)’s beta value is currently sitting at 0.42, while the Average True Range indicator is currently displaying 0.06.
To see how Nuburu Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BURU stock’s performance was -10.41% in the latest trading, and -91.42% in the past year.
An evaluation of the daily trading volume of Nuburu Inc (AMEX:BURU) indicates that the 3-month average is 21.14 million.
Currently, records show that 62.16 million of the company’s shares remain outstanding. The insiders hold 0.90% of outstanding shares, whereas institutions hold 1.27%. However, since the stock’s price has seen -51.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
