Movano (MOVE) AI Stock Analysis

• Market Cap: $4.85M
• Dividend Yield: N/A
• Average Volume (3M): 285.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: N/A
• EPS Growth: 56.73%
• Country: US
• Employees: 32
• Sector: Healthcare
• Sector Strength: 39
• Industry: Medical - Devices
• EPS (TTM): -0.70
• Shares Outstanding: 7,036,953
• 10 Day Avg. Volume: 92,468
• 30 Day Avg. Volume: 285,291
• PEG Ratio: -0.04
• Price to Book (P/B): 5.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.72
• Enterprise Value/Market Cap: 6.72
• Enterprise Value/Revenue: 7.60
• Enterprise Value/Gross Profit: -16.35
• Enterprise Value/Ebitda: -0.31
• 1Y Price Target: $30.00
• Price Target Upside: 4247.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 23 Underperform
• Price Target: ―

Movano's stock faces significant challenges primarily due to its weak financial performance, marked by negative profitability and cash flow issues. The technical analysis indicates a bearish trend with poor market momentum, and valuation metrics are unfavorably low. Overall, the stock needs substantial improvement in operational efficiency and market perception to enhance its attractiveness.

Movano Business Overview & Revenue Model

Company Description

Movano Inc. engages in developing a platform to deliver healthcare solutions at the intersection of medtech and consumer devices. Its platform uses radiofrequency technology, which enables the creation of sensors that are small enough to fit into wearable devices and other small form factors. The company develops Movano Ring that measures heart rate, heart rate variability, sleep, respiration, temperature, blood oxygen saturation, steps, and calories, as well as incorporates women-centric features and design. It is also developing non-invasive continuous glucose monitoring and cuffless blood pressure monitoring features to its technology platform. 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.

How the Company Makes Money

Movano makes money primarily through the sale of its wearable healthcare devices. The company's revenue model revolves around direct sales to consumers, partnerships with healthcare providers, and potentially through subscription-based services that offer enhanced features or data analytics. Movano may also explore partnerships with insurance companies or corporate wellness programs, leveraging its technology to offer value-added services. Additionally, Movano could generate revenue from licensing its technology to other companies in the healthcare and technology sectors. These revenue streams are supported by ongoing research and development, aimed at expanding the capabilities and market reach of its products.

Movano Financial Statement Overview

Summary

Movano is currently facing financial headwinds, with substantial operational inefficiencies and negative profitability metrics. The balance sheet is stable with no debt, but limited equity and assets constrain financial flexibility. Cash flow issues persist, emphasizing the need for strategic focus on improving operational efficiency and cash management to enhance financial health.

Income Statement

The company's income statement indicates a challenging financial position. Gross profit margin is significantly negative, reflecting a higher cost of goods sold than revenue. The net profit margin is also negative, indicating no profitability. Revenue growth is positive due to the recent start of revenue generation, but EBIT and EBITDA margins remain deeply negative, showing operational inefficiencies.

Balance Sheet

The balance sheet reveals a moderate level of stability. There is no debt, which is a positive sign, but low stockholders' equity indicates limited financial resilience. The equity ratio is decent, suggesting that the company is not overly leveraged, but the small asset base limits growth potential.

Cash Flow

Cash flow analysis depicts a concerning trend with significant negative free cash flow, indicating cash outflows exceed inflows. Operating cash flow is also negative, suggesting operational activities are not generating cash. The free cash flow to net income ratio is not applicable due to zero net income, highlighting ongoing cash management challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.01M	0.00	0.00	0.00	0.00
Gross Profit	-1.99M	-158.00K	-134.00K	-74.00K	-13.00K
EBITDA	-24.06M	-29.13M	-30.20M	-20.82M	-11.07M
Net Income	-23.73M	-29.28M	-30.20M	-22.58M	-14.04M
Balance Sheet
Total Assets	11.32M	9.42M	13.24M	36.27M	7.08M
Cash, Cash Equivalents and Short-Term Investments	7.90M	6.12M	10.76M	33.60M	5.71M
Total Debt	186.00K	217.00K	426.00K	0.00	11.69M
Total Liabilities	3.96M	5.97M	5.33M	3.54M	15.14M
Stockholders Equity	7.36M	3.45M	7.92M	32.73M	-8.06M
Cash Flow
Free Cash Flow	-22.54M	-26.24M	-25.01M	-16.75M	-10.67M
Operating Cash Flow	-22.53M	-26.18M	-24.90M	-16.18M	-10.67M
Investing Cash Flow	-8.00K	-64.00K	15.72M	-16.70M	0.00
Financing Cash Flow	24.32M	21.60M	2.26M	44.85M	12.09M

Movano Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOVE, the sentiment is Negative. The current price of 0.69 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.76, and below the 200-day MA of 3.44, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.35 is Neutral, neither overbought nor oversold. The STOCH value of 24.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MOVE.

Movano Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	52 Neutral	$7.50B	0.31	-61.87%	2.27%	17.10%	1.59%
TNON	47 Neutral	$7.44M	―	-210.97%	―	2.18%	91.55%
SINT	42 Neutral	$8.35M	―	-155.20%	―	9.90%	94.56%
AEMD	38 Underperform	$3.21M	―	-245.88%	―	-100.00%	68.26%
RSLS	37 Underperform	$5.77M	―	-120.16%	―	-7.74%	93.25%
MOVE	23 Underperform	$4.85M	―	-439.23%	―	―	56.73%

Movano Corporate Events

Movano Appoints Shaheen Wirk to Board of Directors

Movano Inc. has appointed Shaheen Wirk as a Class III director, who will also serve on the Audit Committee. This appointment is part of Movano’s ongoing corporate governance strategies, with Wirk receiving stock options as compensation, indicating a focus on aligning director interests with shareholder value.