Nuburu (NYSEAMERICAN:BURU) Trading 0.4% Higher – Still a Buy?

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

Nuburu Stock Performance

The stock has a market capitalization of $3.51 million, a price-to-earnings ratio of 0.00 and a beta of -0.40. The stock has a fifty day moving average of $0.29.

Hedge Funds Weigh In On Nuburu

A number of institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Nuburu in the 3rd quarter worth approximately $25,000. Geode Capital Management LLC raised its stake in shares of Nuburu by 950.6% during the fourth 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Nuburu in the 4th quarter worth approximately $29,000. 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.