Movano (NASDAQ:MOVE) Issues Quarterly Earnings Results, Beats Expectations By $2.27 EPS

Movano (NASDAQ:MOVE) released its quarterly earnings results on Friday. The technology company reported ($4.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($7.00) by $2.27, Zacks reports. Movano had a negative return on equity of 359.83% and a negative net margin of 4,302.13%.The business had revenue of $0.08 million during the quarter, compared to the consensus estimate of $3.88 million.

Movano Stock Performance

Shares of Movano stock traded up $0.45 on Friday, reaching $10.70. 73,046 shares of the stock were exchanged, compared to its average volume of 2,459,907. The firm has a market cap of $8.88 million, a PE ratio of -0.26 and a beta of 0.85. The firm’s 50 day moving average is $7.03 and its 200-day moving average is $7.18. Movano has a one year low of $4.67 and a one year high of $69.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Movano in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.