Movano (NASDAQ:MOVE) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Movano Inc. (NASDAQ:MOVE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.08 and traded as high as $6.04. Movano shares last traded at $5.32, with a volume of 25,821 shares.

Analysts Set New Price Targets

Separately, Benchmark restated a “speculative buy” rating and set a $30.00 price objective on shares of Movano in a research report on Wednesday, September 4th.

Movano Trading Up 6.2 %

The firm has a market cap of $37.46 million, a P/E ratio of -1.11 and a beta of 0.54. The stock has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $5.08.

Institutional Investors Weigh In On Movano

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Movano by 22.2% in the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock worth $275,000 after buying an additional 139,420 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Movano in the 3rd quarter valued at about $55,000. Finally, Dorsey & Whitney Trust CO LLC grew its position in Movano by 50.0% in 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 acquiring an additional 1,876,000 shares in 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.