Movano (NASDAQ:MOVE) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Movano Inc. (NASDAQ:MOVE) crossed 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 changing hands.

Movano Stock Performance

The company has a market cap of $37.42 million, a P/E ratio of -1.10 and a beta of 0.53. The stock has a 50-day moving average of $5.13 and a two-hundred day moving average of $5.10.

Hedge Funds Weigh In On Movano

A hedge fund recently raised its stake in Movano stock. Geode Capital Management LLC grew its stake in shares of Movano Inc. (NASDAQ:MOVE) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 766,716 shares of the technology company’s stock after buying an additional 139,420 shares during the quarter. Geode Capital Management LLC owned 11.62% of Movano worth $275,000 at the end of the most recent quarter. 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.