Movano Stock Scheduled to Reverse Split on Tuesday, October 29th (NASDAQ:MOVE)

Movano Inc. (NASDAQ:MOVE) shares are going to reverse split on the morning of Tuesday, October 29th. The 1-15 reverse split was announced on Friday, October 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 28th.

Movano Stock Down 11.1 %

NASDAQ MOVE opened at $0.26 on Friday. The stock has a market capitalization of $26.04 million, a P/E ratio of -0.58 and a beta of 0.12. Movano has a 52-week low of $0.24 and a 52-week high of $1.06. The firm has a 50-day moving average price of $0.33 and a 200 day moving average price of $0.38.

Movano (NASDAQ:MOVE) last released its earnings results on Wednesday, August 14th. The technology company reported ($0.06) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “speculative buy” rating and issued a $2.00 price objective on shares of Movano in a research report on Wednesday, September 4th.

Institutional Trading of Movano

A number of institutional investors have recently added to or reduced their stakes in MOVE. Mirador Capital Partners LP lifted its position in shares of Movano by 9.6% during the 1st quarter. Mirador Capital Partners LP now owns 413,204 shares of the technology company’s stock valued at $170,000 after acquiring an additional 36,230 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Movano by 50.0% in the 2nd 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 in the last quarter. Finally, Quantum Private Wealth LLC raised its holdings in Movano by 113.8% during the second quarter. Quantum Private Wealth LLC now owns 89,139 shares of the technology company’s stock worth $25,000 after purchasing an additional 47,441 shares during the last quarter. Hedge funds and other institutional investors 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.