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

Movano Inc. (NASDAQ:MOVE)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.04 and traded as high as $5.10. Movano shares last traded at $4.75, with a volume of 4,592 shares.

Movano Trading Down 5.0 %

The company’s fifty day moving average is $5.39 and its 200-day moving average is $5.04. The firm has a market capitalization of $31.51 million, a P/E ratio of -0.93 and a beta of 0.53.

Institutional Trading of Movano

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOVE. Clayton Partners LLC bought a new stake in shares of Movano in the fourth quarter valued at approximately $609,000. Geode Capital Management LLC raised its stake in Movano by 22.2% during the 3rd 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 last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Movano in the 3rd quarter valued at $55,000. 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.