Nuburu Inc (AMEX:BURU) shares traded -20.51% lower at $0.17 on Wall Street last session.
BURU stock price is now 6.53% away from the 50-day moving average and -28.92% away from the 200-day moving average. The market capitalization of the company currently stands at $6.56M.
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In other news, Seldin David, 10% Owner sold 2,400 shares of the company’s stock on Aug 11 ’23. The stock was sold for $1,664 at an average price of $0.69. Upon completion of the transaction, the 10% Owner now directly owns 6,378 shares in the company, valued at $1084.26. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10 ’23, 10% Owner Seldin David sold 586,129 shares of the business’s stock. A total of $434,204 was realized by selling the stock at an average price of $0.74. This leaves the insider owning 6,380 shares of the company worth $1084.6. A total of 49.33% of the company’s stock is owned by insiders.
During the past 12 months, Nuburu Inc has had a low of $0.11 and a high of $2.15. The fifty day moving average price for BURU is $0.16022 and a two-hundred day moving average price translates $0.237065 for the stock.
The latest earnings results from Nuburu Inc (AMEX: BURU) was released for 2024-03-31. The net profit margin was -951.07% and return on equity was -335.28% for BURU. The company reported revenue of $94000.0 for the quarter, compared to $0.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -80.0 percent.
