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

Shares of Movano Inc. (NASDAQ:MOVE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.05 and traded as high as $5.80. Movano shares last traded at $5.70, with a volume of 15,680 shares trading hands.

Movano Trading Up 8.0 %

The firm has a market cap of $37.81 million, a PE ratio of -1.12 and a beta of 0.53. The stock’s 50 day moving average price is $4.85 and its 200 day moving average price is $5.05.

Institutional Investors Weigh In On Movano

Several institutional investors and hedge funds have recently modified their holdings of MOVE. Dorsey & Whitney Trust CO LLC lifted its position in Movano by 50.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,630,084 shares of the technology company’s stock worth $1,548,000 after acquiring an additional 1,876,000 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Movano during the third quarter valued at approximately $55,000. Finally, Geode Capital Management LLC raised its stake in shares of Movano by 22.2% during 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.

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.