Nuburu (NYSEAMERICAN:BURU) Trading Up 23% – Time to Buy?

Nuburu, Inc. (NYSEAMERICAN:BURU) shares shot up 23% during trading on Friday . The company traded as high as $0.21 and last traded at $0.21. 70,228,273 shares changed hands during trading, an increase of 175% from the average session volume of 25,515,440 shares. The stock had previously closed at $0.1707.

Nuburu Stock Up 23.0%

The stock has a market capitalization of $91.98 million, a P/E ratio of 0.00 and a beta of 0.48. The stock’s 50 day moving average price is $0.20 and its 200-day moving average price is $0.23.

Nuburu (NYSEAMERICAN:BURU) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.20) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nuburu stock. Geode Capital Management LLC raised its holdings in shares of Nuburu, Inc. (NYSEAMERICAN:BURU) by 78.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,550 shares of the company’s stock after acquiring an additional 114,030 shares during the quarter. Geode Capital Management LLC owned approximately 0.42% of Nuburu worth $91,000 as of its most recent filing with the SEC. 41.61% of the stock is owned by institutional investors.

Nuburu Company Profile

Nuburu, trading on the NYSE American under the ticker BURU, is a U.S.-based photonics company specializing in the development and manufacture of high-power blue laser diodes and laser systems for industrial manufacturing applications. Leveraging proprietary gallium nitride (GaN) semiconductor technology, Nuburu’s lasers operate at a wavelength of 450 nanometers, offering significantly improved absorption in copper and copper alloys compared to traditional infrared lasers. This enables faster processing speeds, higher precision, and reduced thermal distortion in materials processing tasks such as welding, brazing, cladding, and powder bed fusion additive manufacturing.

Founded in 2018 and headquartered in Chapel Hill, North Carolina, Nuburu serves a global customer base that includes manufacturers in the automotive, electronics, aerospace, and additive manufacturing sectors.