Movano (NASDAQ:MOVE) Releases Quarterly Earnings Results

Movano (NASDAQ:MOVE) issued its quarterly earnings results on Friday. The technology company reported ($4.73) 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 Stock Up 4.4%

Shares of MOVE traded up $0.45 during mid-day trading on Friday, hitting $10.70. 73,046 shares of the company’s stock were exchanged, compared to its average volume of 2,459,907. The stock has a market cap of $8.88 million, a price-to-earnings ratio of -0.26 and a beta of 0.85. The firm has a fifty day moving average of $7.03 and a two-hundred day moving average of $7.19. Movano has a twelve month low of $4.67 and a twelve month high of $69.68.

Wall Street Analyst Weigh In

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