Movano (NASDAQ:MOVE) Shares to Reverse Split on Tuesday, October 29th

Movano Inc. (NASDAQ:MOVE) shares are scheduled to reverse split on Tuesday, October 29th. The 1-15 reverse split was announced on Friday, October 25th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 28th.

Movano Stock Down 11.1 %

Shares of MOVE stock traded down $0.03 during trading hours on Friday, hitting $0.26. 1,152,831 shares of the company’s stock traded hands, compared to its average volume of 191,592. The stock’s 50 day simple moving average is $0.34 and its 200 day simple moving average is $0.38. The stock has a market cap of $26.04 million, a PE ratio of -0.58 and a beta of 0.12. Movano has a 12 month low of $0.24 and a 12 month high of $1.06.

Movano (NASDAQ:MOVE) last released its quarterly earnings results on Wednesday, August 14th. The technology company reported ($0.06) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $2.00 price target on shares of Movano in a research note on Wednesday, September 4th.

Hedge Funds Weigh In On Movano

A number of hedge funds have recently bought and sold shares of MOVE. Quantum Private Wealth LLC raised its stake in Movano by 113.8% during the second quarter. Quantum Private Wealth LLC now owns 89,139 shares of the technology company’s stock worth $25,000 after buying an additional 47,441 shares during the last quarter. Mirador Capital Partners LP raised its stake in Movano by 9.6% during the first quarter. Mirador Capital Partners LP now owns 413,204 shares of the technology company’s stock worth $170,000 after buying an additional 36,230 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in 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 buying 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.