Movano (NASDAQ:MOVE) Shares Cross Above 200 Day Moving Average – Should You Sell?

Movano Inc. (NASDAQ:MOVE)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.40 and traded as high as $7.50. Movano shares last traded at $7.21, with a volume of 15,453 shares.

Analyst Ratings Changes

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

Movano Stock Down 3.4%

The firm has a market capitalization of $5.98 million, a PE ratio of -0.18 and a beta of 0.84. The company’s 50-day simple moving average is $7.00 and its 200 day simple moving average is $7.40.

Institutional Trading of Movano

An institutional investor recently raised its position in Movano stock. Clayton Partners LLC raised its position in shares of Movano Inc. (NASDAQ:MOVE) by 27.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,476 shares of the technology company’s stock after buying an additional 30,708 shares during the quarter. Clayton Partners LLC owned about 2.04% of Movano worth $263,000 at the end of the most recent reporting 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.