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

Movano Inc. (NASDAQ:MOVE) shares crossed 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 changing hands.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “speculative buy” rating and issued a $30.00 target price on shares of Movano in a research note on Wednesday, September 4th.

Movano Trading Down 7.5 %

The company’s 50 day moving average is $4.68 and its 200 day moving average is $5.08. The company has a market cap of $35.29 million, a PE ratio of -1.04 and a beta of 0.54.

Hedge Funds Weigh In On Movano

Institutional investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of 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 valued at $1,548,000 after purchasing an additional 1,876,000 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Movano during the 3rd quarter valued at $55,000. Finally, Geode Capital Management LLC lifted its holdings 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 during the period. 16.64% of the stock is owned by hedge funds and other institutional investors.

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.