Movano Inc. (NASDAQ:MOVE – Get Free Report)’s stock price 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 changing hands.
Movano Trading Up 8.0 %
The firm has a market cap of $37.81 million, a P/E ratio of -1.12 and a beta of 0.53. The company’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $5.05.
Institutional Trading of Movano
Hedge funds have recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC grew its position in Movano by 50.0% during the 2nd 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 during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Movano during the third quarter worth $55,000. Finally, Geode Capital Management LLC grew its holdings in shares of Movano by 22.2% during the third quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock worth $275,000 after purchasing an additional 139,420 shares during the last quarter. Institutional investors and hedge funds 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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