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Monday, September 25, 2023

Are Things Looking Up For Nuburu Inc. (AMEX: BURU)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Nuburu Inc. (BURU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -3.15%, to $0.44. The Nuburu Inc. has recorded 80,058 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NUBURU Appoints John Bolton to its Board of Directors.

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Stocks Info

The company is listed on the AMEX and operates within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $0.45 and fluctuated between $0.4699 as its day high and $0.3870 as its day low. The current market capitalization of Nuburu Inc. is $13.81M. A total of 2.22 million shares were traded on the day, compared to an average of 2.06M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BURU has seen 0 BUY and 38 SELL insider trades, representing the acquisition of 0 and the disposition of 8,082,510 shares. Over the last 12 months, there were 15 BUYs and 39 SELLs from insiders. Insiders purchased 5,288,730 shares during that period but sold 8,455,010.

In the most recent transaction, Seldin David sold 2,400 shares of BURU for 0.69 per share on Aug 11. After the transaction, the 10% Owner now owns 6,378 company shares. In a previous transaction on Aug 10, Seldin David sold 586,129 shares at 0.74 per share. BURU shares that 10% Owner owns now total 6,380.

Among the insiders who sold shares, Seldin David disposed of 35,824 shares on Aug 09 at a per-share price of $0.68. This resulted in the 10% Owner holding 6,768 shares of BURU after the transaction. In another insider transaction, Seldin David sold 8,050,253 shares at $1.09 per share on Aug 08. Company shares held by the 10% Owner now total 6,792.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, BURU has a high of $14.00 and a low of $0.38.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BURU’s latest balance sheet shows that the firm has $6.01M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.00, while its Total Shareholder’s Equity was $9.59M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock.

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