Nuburu (NYSEAMERICAN:BURU) Trading Down 2.7% – What’s Next?

Nuburu, Inc. (NYSEAMERICAN:BURU) dropped 2.7% during trading on Tuesday . The stock traded as low as $0.1892 and last traded at $0.2046. Approximately 20,515,253 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 52,940,324 shares. The stock had previously closed at $0.2103.

Nuburu Stock Down 2.7%

The business’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.26. The stock has a market cap of $88.72 million, a price-to-earnings ratio of 0.00 and a beta of 0.51.

Nuburu (NYSEAMERICAN:BURU) last released its earnings results on Friday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BURU. Virtu Financial LLC purchased a new stake in Nuburu during the 1st quarter worth about $31,000. Geode Capital Management LLC boosted its stake in shares of Nuburu by 78.4% in the 2nd quarter. Geode Capital Management LLC now owns 259,550 shares of the company’s stock valued at $91,000 after buying an additional 114,030 shares during the period. Finally, UBS Group AG boosted its stake in shares of Nuburu by 10,337.6% in the 3rd quarter. UBS Group AG now owns 4,370,024 shares of the company’s stock valued at $651,000 after buying an additional 4,328,156 shares during the period. 41.61% of the stock is owned by institutional investors and hedge funds.

About Nuburu

Nuburu, Inc engages in high-power, high-brightness blue laser technology business for welding and 3D printing industries worldwide. The company offers Nuburu AO-150 and NUBURU BL. Its products have applications in battery, e-mobility, consumer electronics, and 3D printing metal systems. Nuburu, Inc was founded in 2015 and is headquartered in Centennial, Colorado.