Movano (NASDAQ:MOVE) Releases Earnings Results

Movano (NASDAQ:MOVE) announced its quarterly earnings results on Friday. The technology company reported ($4.73) earnings per share (EPS) for the quarter, Zacks reports. Movano had a negative net margin of 4,302.13% and a negative return on equity of 359.83%.

Movano Price Performance

Shares of NASDAQ:MOVE traded up $0.45 during midday trading on Friday, reaching $10.70. The company’s stock had a trading volume of 73,046 shares, compared to its average volume of 2,459,907. The business’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $7.19. Movano has a fifty-two week low of $4.67 and a fifty-two week high of $69.68. The company has a market capitalization of $8.88 million, a P/E ratio of -0.26 and a beta of 0.85.

Wall Street Analyst Weigh In

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

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.