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

Shares of Movano Inc. (NASDAQ:MOVE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.08 and traded as high as $5.39. Movano shares last traded at $5.14, with a volume of 2,688 shares changing hands.

Movano Stock Down 0.4 %

The company has a market cap of $34.08 million, a price-to-earnings ratio of -1.01 and a beta of 0.53. The company’s 50-day moving average is $5.57 and its 200 day moving average is $5.08.

Institutional Trading of Movano

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Movano during the third quarter valued at $55,000. Geode Capital Management LLC grew its position in shares of Movano by 22.2% in the third quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock valued at $275,000 after purchasing an additional 139,420 shares during the period. Finally, Clayton Partners LLC acquired a new stake in shares of Movano in the fourth quarter valued at about $609,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

About Movano

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.