Movano (MOVE) Stock Price, News & Analysis

Company Overview

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. It develops System-on-a-Chip (SoC) for blood pressure or continuous glucose monitoring (CGM) systems. The company was formerly known as Maestro Sensors Inc. and changed its name to Movano Inc. in August 2018. Movano Inc. was incorporated in 2018 and is based in Pleasanton, California.

Key Stats

• Today's Range: $2.96 to $3.15
• 50-Day Range: $3.01 to $5.91
• 52-Week Range: $2.96 to $14.70
• Volume: 9,831 shs
• Average Volume: 16,916 shs
• Market Capitalization: $19.96 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Buy

Movano Stock Analysis - MarketRank™

Movano scored higher than 44% of companies evaluated by MarketBeat, and ranked 661st out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Movano has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Movano has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Movano is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Movano is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Movano has a P/B Ratio of 3.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.34% of the float of Movano has been sold short.

Short Interest Ratio / Days to Cover

Movano has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Movano has recently decreased by 66.90%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Movano does not currently pay a dividend.

Dividend Growth

Movano does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.34% of the float of Movano has been sold short.

Short Interest Ratio / Days to Cover

Movano has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Movano has recently decreased by 66.90%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.33

News Sentiment

Movano has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 68 news articles for Movano this week, compared to 19 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Movano insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.40% of the stock of Movano is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 16.64% of the stock of Movano is held by institutions.

MOVE Stock Analysis - Frequently Asked Questions

How have MOVE shares performed this year?

Movano's stock was trading at $11.7210 at the start of the year. Since then, MOVE stock has decreased by 74.3% and is now trading at $3.01.
View the best growth stocks for 2024 here.

When did Movano's stock split?

Movano shares reverse split before market open on Tuesday, October 29th 2024. The 1-15 reverse split was announced on Friday, October 25th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 28th 2024. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

When did Movano IPO?

Movano (MOVE) raised $42 million in an IPO on Tuesday, March 23rd 2021. The company issued 8,500,000 shares at a price of $5.00 per share. National Securities Corp. served as the underwriter for the IPO.

Who are Movano's major shareholders?

Top institutional investors of Movano include Geode Capital Management LLC (11.62%) and Y Intercept Hong Kong Ltd (2.30%). Insiders that own company stock include Jeremy Cogan, Emily Fairbairn, John Mastrototaro, Ruben Caballero and Michael Aaron Leabman.
View institutional ownership trends.

How do I buy shares of Movano?

Shares of MOVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Movano own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Movano investors own include Fiverr International (FVRR), GameStop (GME), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Intel (INTC) and Lam Research (LRCX).

Company Calendar

• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Electromedical equipment
• Sub-Industry: Internet Software & Services
• Current Symbol: NASDAQ:MOVE
• CUSIP: 62458M20
• CIK: 1085770
• Web: www.move.com
• Phone: 415-651-3172
• Fax: N/A
• Employees: 30
• Year Founded: 2018

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +896.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($5.1081)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-29,280,000.00
• Net Margins: N/A
• Pretax Margin: -2,779.27%
• Return on Equity: -345.78%
• Return on Assets: -198.77%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.31
• Quick Ratio: 2.83

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.93 per share
• Price / Book: 3.24

Miscellaneous

• Outstanding Shares: 6,630,000
• Free Float: 5,745,000
• Market Cap: $19.96 million
• Optionable: Not Optionable
• Beta: 0.18