Is Movano Inc. (MOVE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.2% / 30% | 51.3% / 30% | 0.3% / 30% | 48.86% / 5% | ✗ NOT HALAL |
| DJIM | 1.2% / 33% | 51.3% / 33% | 0.3% / 33% | 48.86% / 5% | ✗ NOT HALAL |
| MSCI | 1.6% / 33% | 69.8% / 33% | 0.5% / 33% | 48.86% / 5% | ✗ NOT HALAL |
| S&P | 1.2% / 33% | 51.3% / 33% | 0.3% / 33% | 48.86% / 5% | ✗ NOT HALAL |
| FTSE | 1.6% / 33% | 69.8% / 33% | 0.5% / 50% | 48.86% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -270.2% | |
| Operating Margin | -3238.8% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -398.8% | |
| Return on Assets (ROA) | -95.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$23M |
| Free Cash Flow | -$23M |
| Total Debt | $186,000 |
| Current Ratio | 0.7 |
| Total Assets | $11M |
Price & Trading
| Last Close | $14.79 |
| 50-Day MA | $12.91 |
| 200-Day MA | $8.84 |
| Avg Volume | 1.0M |
| Beta | 0.9 |
|
52-Week Range
$4.67
| |
About Movano Inc. (MOVE)
Movano Inc., a technology company, engages in the development of a platform to deliver healthcare solutions at the intersection of medical and consumer devices. It offers Evie Ring, a wearable device for women that combines health and wellness metrics comprising 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. The company develops System-on-a-Chip (SoC) for blood pressure or continuous glucose monitoring (CGM) systems. It sells its products through its website, retail or other distribution channels, value-added resellers (VARs), as well as partnering with OEMs. 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 headquartered in Pleasanton, California.
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Frequently Asked Questions
Is Movano Inc. (MOVE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Movano Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Movano Inc.'s debt ratio?
Movano Inc.'s debt ratio is 1.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 1.6%.
What are Movano Inc.'s key financial metrics?
Movano Inc. has a market capitalization of $21M, and revenue of $1M. Return on equity stands at -398.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.