Movano (NASDAQ:MOVE) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Movano Inc. (NASDAQ:MOVE) 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 traded.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $30.00 target price on shares of Movano in a research note on Wednesday, September 4th.

Movano Stock Up 6.2 %

The firm has a market cap of $37.46 million, a PE ratio of -1.11 and a beta of 0.54. The business has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $5.08.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MOVE. Dorsey & Whitney Trust CO LLC boosted its position 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 buying an additional 1,876,000 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Movano during the third quarter valued at approximately $55,000. Finally, Geode Capital Management LLC boosted its holdings 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. Hedge funds and other institutional investors own 16.64% of the company’s stock.

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.