Movano (MOVE) AI Stock Analysis

• Market Cap: $6.51M
• Dividend Yield: N/A
• Average Volume (3M): 27.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.68
• Revenue Growth: -44.57%
• EPS Growth: 55.97%
• Country: US
• Employees: 32
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Devices
• EPS (TTM): N/A
• Shares Outstanding: 869,276
• 10 Day Avg. Volume: 32,926
• 30 Day Avg. Volume: 27,469
• PEG Ratio: 3.60
• Price to Book (P/B): 442.23
• Price to Sales (P/S): 3210.86
• P/FCF Ratio: -144.30
• Enterprise Value/Market Cap: 4.57
• Enterprise Value/Revenue: 59.48
• Enterprise Value/Gross Profit: -22.01
• Enterprise Value/Ebitda: -1.93
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $7.50 ▲(7.45% Upside)

The score is driven primarily by very weak financial performance (large losses, negative gross margin, significant cash burn, and negative equity). Technicals are also soft (negative MACD and below key moving averages), while valuation is not meaningfully supportive due to negative earnings and no dividend. Corporate events add risk due to Nasdaq compliance concerns and potential dilution from expanded share authorization.

Positive Factors

No Debt

Having no debt provides Movano with greater financial flexibility and reduces financial risk, allowing the company to focus on growth and innovation without the burden of interest payments.

Innovative Product Offering

Movano's focus on innovative wearable healthcare devices positions it well in the growing health tech industry, offering potential for long-term market penetration and consumer adoption.

Strategic Revenue Model

Movano's diversified revenue streams through direct sales, partnerships, and potential subscriptions enhance its ability to capture various market segments and stabilize revenue over time.

Negative Factors

Negative Profitability

Negative profitability highlights operational inefficiencies and challenges in cost management, which could hinder Movano's ability to invest in growth and innovation.

Cash Flow Issues

Persistent negative cash flow indicates that Movano's operations are not generating sufficient cash, potentially limiting its ability to fund new projects or respond to market opportunities.

Nasdaq Compliance Challenges

Non-compliance with Nasdaq listing requirements poses a risk to Movano's market presence and investor confidence, potentially affecting its ability to raise capital and maintain stock liquidity.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	500.00K	1.01M	0.00	0.00	0.00	0.00
Gross Profit	-1.35M	-1.99M	-158.00K	-134.00K	-74.00K	-13.00K
EBITDA	-15.45M	-24.06M	-29.13M	-30.20M	-20.82M	-12.01M
Net Income	-17.05M	-23.73M	-29.28M	-30.20M	-22.58M	-14.04M
Balance Sheet
Total Assets	5.56M	11.32M	9.42M	13.24M	36.27M	7.08M
Cash, Cash Equivalents and Short-Term Investments	2.00M	7.90M	6.12M	10.76M	33.60M	5.71M
Total Debt	0.00	186.00K	217.00K	426.00K	0.00	11.69M
Total Liabilities	7.26M	3.96M	5.97M	5.33M	3.54M	15.14M
Stockholders Equity	-1.70M	7.36M	3.45M	7.92M	32.73M	-8.06M
Cash Flow
Free Cash Flow	-13.57M	-22.54M	-26.24M	-25.01M	-16.75M	-10.67M
Operating Cash Flow	-13.56M	-22.53M	-26.18M	-24.90M	-16.18M	-10.67M
Investing Cash Flow	-5.00K	-8.00K	-64.00K	15.72M	-16.70M	0.00
Financing Cash Flow	4.30M	24.32M	21.60M	2.26M	44.85M	12.09M

Movano Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 6.98 is below the 20-day moving average (MA) of 8.00, below the 50-day MA of 8.64, and below the 200-day MA of 7.94, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 40.51 is Neutral, neither overbought nor oversold. The STOCH value of 12.27 is Positive, 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 *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
BJDX	44 Neutral	$1.20M	-0.02	-126.20%	―	―	97.70%
TIVC	43 Neutral	$3.41M	-0.15	-178.18%	―	-49.63%	82.22%
MOVE	40 Underperform	$6.51M	-0.30	-398.78%	―	-44.57%	55.97%
AMIX	40 Underperform	$3.54M	-0.10	-352.39%	―	―	63.87%

Movano Corporate Events

Movano Stockholders Approve Key Amendments and Initiatives

On December 16, 2025, Movano Inc.’s stockholders approved key amendments and initiatives during a Special Meeting, including Amendment No. 3 to its 2019 Omnibus Incentive Plan, enhancing the ability to further incentivize employees. Additionally, stockholders endorsed increasing the company’s authorized shares of common stock from 500 million to 2.5 billion, paving the way for potential expansion and fundraising opportunities, while also aligning with Nasdaq compliance for a share issuance agreement.

The most recent analyst rating on (MOVE) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Movano stock, see the MOVE Stock Forecast page.

Movano Announces Merger with Corvex, Inc.

On November 6, 2025, Movano Inc. entered into a merger agreement with Corvex, Inc., where Corvex will become a wholly-owned subsidiary of Movano. The merger, expected to close in the first quarter of 2026, aims to position the combined company to capture demand for AI infrastructure at scale. Corvex stockholders will own approximately 96.2% of the combined entity, with Movano stockholders owning 3.8%. The merger includes significant equity financing, with Movano raising $3 million and Corvex raising $37.1 million. The merger will also see Movano’s name change to Corvex, Inc., and its headquarters move to Arlington, Virginia.

The most recent analyst rating on (MOVE) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Movano stock, see the MOVE Stock Forecast page.

Movano Amends Loan Agreement with Evie Holdings

Movano announced an amendment to its existing Loan Agreement with Evie Holdings LLC, originally dated August 6, 2025. The amendment, entered on November 3, 2025, extends the maturity date of the loan to November 5, 2025, providing the company with additional time to manage its financial obligations.

The most recent analyst rating on (MOVE) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Movano stock, see the MOVE Stock Forecast page.