Movano (NASDAQ:MOVE) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Movano Inc. (NASDAQ:MOVE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.08 and traded as high as $5.39. Movano shares last traded at $5.14, with a volume of 2,688 shares trading hands.

Movano Price Performance

The company has a market capitalization of $34.01 million, a price-to-earnings ratio of -1.00 and a beta of 0.53. The business’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $5.08.

Institutional Trading of Movano

Several hedge funds and other institutional investors have recently made changes to their positions in MOVE. Y Intercept Hong Kong Ltd purchased a new stake in shares of Movano in the third quarter valued at about $55,000. Geode Capital Management LLC boosted its holdings in shares of Movano by 22.2% in the third 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 in the last quarter. Finally, Clayton Partners LLC purchased a new stake in shares of Movano in the fourth quarter valued at about $609,000. Hedge funds and other 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.