Movano (NASDAQ:MOVE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Movano Inc. (NASDAQ:MOVE)’s stock price 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 issued a $30.00 target price on shares of Movano in a report on Wednesday, September 4th.

Movano Price Performance

The firm has a market capitalization of $35.29 million, a PE ratio of -1.04 and a beta of 0.54. The business has a 50-day simple moving average of $4.68 and a 200-day simple moving average of $5.08.

Institutional Trading of Movano

A number of institutional investors have recently bought and sold shares of MOVE. Dorsey & Whitney Trust CO LLC raised its stake 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 acquiring an additional 1,876,000 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Movano during the 3rd quarter valued at about $55,000. Finally, Geode Capital Management LLC raised its position in 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 purchasing an additional 139,420 shares during the period. 16.64% of the stock is currently owned by 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.