Nuburu (NYSEAMERICAN:BURU) Stock Price Up 0.4% – Still a Buy?

Nuburu, Inc. (NYSEAMERICAN:BURU)’s stock price rose 0.4% on Thursday . The stock traded as high as $0.21 and last traded at $0.20. Approximately 2,885,992 shares traded hands during trading, a decline of 60% from the average daily volume of 7,285,679 shares. The stock had previously closed at $0.20.

Nuburu Price Performance

The company has a market cap of $3.75 million, a price-to-earnings ratio of 0.00 and a beta of -0.40. The business has a 50 day moving average price of $0.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Nuburu by 950.6% in the 4th quarter. Geode Capital Management LLC now owns 132,561 shares of the company’s stock worth $88,000 after acquiring an additional 119,943 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Nuburu in the third quarter worth about $25,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nuburu during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 41.61% of the company’s stock.

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.