Movano Inc. (NASDAQ:MOVE – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.05 and traded as high as $5.80. Movano shares last traded at $5.70, with a volume of 15,680 shares trading hands.
Movano Trading Up 8.0 %
The business has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $5.05. The stock has a market cap of $37.81 million, a price-to-earnings ratio of -1.12 and a beta of 0.53.
Institutional Trading of Movano
A number of hedge funds and other institutional investors have recently made changes to their positions in MOVE. Geode Capital Management LLC boosted its stake in Movano by 22.2% during the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock valued at $275,000 after acquiring an additional 139,420 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Movano in the 3rd quarter valued at about $55,000. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Movano by 50.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,630,084 shares of the technology company’s stock worth $1,548,000 after purchasing an additional 1,876,000 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.
Movano Company Profile
Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.
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