Movano (MOVE) stock surged on Friday after the health-focused technology company received a listing extension from the Nasdaq’s (NDAQ) Hearings Panel. This gives the company extra time to regain compliance and maintain its listing on the stock exchange.
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Under the terms of this ruling, Movano has until September 30, 2025, to file its quarterly reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025. The company noted it continues to work with its auditor to have its late quarterly reports filed in time to meet this deadline.
Movano also has until October 30, 2025, to increase its share price above the $1 minimum required for listing. The company said that it intends to hold its Annual Shareholders Meeting on September 26, 2025. At that time, it will hold a vote on a reverse stock split. If shareholders approve this split, it would allow the company to increase its share price above the $1 minimum before the deadline.
Movano Stock Movement Today
Movano stock was up 84.59% in pre-market trading on Friday, following a slight dip the day before. Investors will note the shares have fallen 88.56% year-to-date and 86.8% over the past 12 months. With that came heavy trading of MOVE stock, as some 28 million shares changed hands, compared to a three-month daily average of about 266,000 units.
Is Movano Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Movano is thin. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates MOVE stock an Underperform (23) with no price target. It cites “weak financial performance, marked by negative profitability and cash flow issues” as reasons for this stance.
