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

Nuburu, Inc. (NYSEAMERICAN:BURU) shares are 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 market closes on Sunday, March 1st.

Nuburu Stock Down 20.4%

Shares of BURU stock opened at $0.10 on Friday. The business has a fifty day simple moving average of $0.17 and a 200-day simple moving average of $0.21. The stock has a market cap of $41.83 million, a P/E ratio of 0.00 and a beta of 0.51. Nuburu has a fifty-two week low of $0.09 and a fifty-two week high of $0.85.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BURU. UBS Group AG increased its position in shares of Nuburu by 10,337.6% in the 3rd quarter. UBS Group AG now owns 4,370,024 shares of the company’s stock worth $651,000 after purchasing an additional 4,328,156 shares during the last quarter. Millennium Management LLC acquired a new position in Nuburu in the fourth quarter worth about $121,000. Allworth Financial LP bought a new stake in Nuburu in the fourth quarter valued at about $94,000. Geode Capital Management LLC raised its stake in Nuburu by 103.6% during the fourth quarter. Geode Capital Management LLC now owns 1,001,765 shares of the company’s stock valued at $159,000 after buying an additional 509,625 shares in the last quarter. Finally, State Street Corp acquired a new stake in Nuburu during the fourth quarter valued at approximately $48,000. 41.61% of the stock is owned by institutional investors and hedge funds.

About Nuburu

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.