Nuburu (NYSEAMERICAN:BURU) Shares Up 0.4% – Time to Buy?

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

Nuburu Price Performance

The firm has a market cap of $3.75 million, a P/E ratio of 0.00 and a beta of -0.40. The business’s 50-day simple moving average is $0.30.

Hedge Funds Weigh In On Nuburu

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

Nuburu Company Profile

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.