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 Monday . The stock has a 200-day moving average of $5.08 and traded as high as $5.79. Movano shares last traded at $5.79, with a volume of 1,803 shares.

Movano Stock Performance

The stock has a market cap of $38.41 million, a P/E ratio of -1.13 and a beta of 0.53. The stock’s fifty day moving average is $5.09 and its 200 day moving average is $5.08.

Institutional Trading of Movano

An institutional investor recently raised its position in Movano stock. Geode Capital Management LLC grew its position in Movano Inc. (NASDAQ:MOVE) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 766,716 shares of the technology company’s stock after acquiring an additional 139,420 shares during the quarter. Geode Capital Management LLC owned about 11.62% of Movano worth $275,000 at the end of the most recent reporting period. 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.