Nuburu Stock Set to Reverse Split on Monday, March 2nd (NYSEAMERICAN:BURU)

Nuburu, Inc. (NYSEAMERICAN:BURU)’s stock is set to reverse split on Monday, March 2nd. The 1-4.99 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, March 1st.

Nuburu Price Performance

Shares of Nuburu stock traded down $0.02 during trading hours on Wednesday, hitting $0.10. The company’s stock had a trading volume of 113,684,000 shares, compared to its average volume of 39,166,812. The business has a fifty day moving average of $0.18 and a 200 day moving average of $0.22. Nuburu has a 1-year low of $0.09 and a 1-year high of $0.85.

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

Institutional Investors Weigh In On Nuburu

Several large investors have recently made changes to their positions in BURU. Commonwealth Equity Services LLC acquired a new position in Nuburu during the fourth quarter worth about $25,000. State Street Corp bought a new position in shares of Nuburu during the 4th quarter valued at about $48,000. Geode Capital Management LLC grew its stake in shares of Nuburu by 78.4% in the 2nd quarter. Geode Capital Management LLC now owns 259,550 shares of the company’s stock worth $91,000 after purchasing an additional 114,030 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Nuburu in the 4th quarter worth approximately $94,000. Finally, Millennium Management LLC acquired a new stake in Nuburu during the fourth quarter valued at approximately $121,000. Institutional investors and hedge funds own 41.61% of the company’s stock.

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.