Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%

Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Wearable Health Devices, Diabetes Management, Show more.

Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -159%

Stock price has recently run up significantly
6M Rtn6 month market price return is 173%, 12M Rtn12 month market price return is 289%

High stock price volatility
Vol 12M is 251%

Key risks
MOVE key risks include [1] a significant threat of Nasdaq delisting due to non-compliance and a low stock price, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%
1 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Wearable Health Devices, Diabetes Management, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -159%
3 Stock price has recently run up significantly
6M Rtn6 month market price return is 173%, 12M Rtn12 month market price return is 289%
4 High stock price volatility
Vol 12M is 251%
5 Key risks
MOVE key risks include [1] a significant threat of Nasdaq delisting due to non-compliance and a low stock price, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/12/2026

Corvex (MOVE) stock has gained about 125% since 2/28/2026 because of the following key factors:

1. Strategic Transformation into AI Cloud Computing. On March 19, 2026, Corvex, Inc. (formerly Movano Inc.) completed an all-stock merger with Corvex Legacy Holdings, Inc. (Corvex OpCo), an AI cloud computing company. This acquisition fundamentally repositioned the company's business from wearable health devices to an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, driving a new market narrative.

2. Substantial AI-Focused Acquisition and Asset Expansion. The acquisition of Corvex OpCo was valued at approximately $581.9 million, significantly expanding the company's asset base. This deal added substantial goodwill of $518.3 million and $15.4 million in intangible assets, leading to a sharp increase in total assets to $604.5 million at the end of fiscal Q1 2026.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

2/28/2026 to 6/14/2026
ReturnCorrelation
MOVE125.2% 
Market (SPY)8.4%17.7%
Sector (XLK)33.3%20.5%

Fundamental Drivers

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Market Drivers

11/30/2025 to 6/14/2026
ReturnCorrelation
MOVE144.5% 
Market (SPY)9.2%13.0%
Sector (XLK)29.5%13.6%

Fundamental Drivers

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Market Drivers

5/31/2025 to 6/14/2026
ReturnCorrelation
MOVE369.0% 
Market (SPY)27.3%16.4%
Sector (XLK)61.0%14.5%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/14/2026
ReturnCorrelation
MOVE-82.8% 
Market (SPY)84.5%14.8%
Sector (XLK)129.7%13.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MOVE Return-42%-66%-40%-54%-85%196%-98%
Peers Return82%-24%-5%4%61%6%134%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
MOVE Win Rate30%33%25%33%25%67% 
Peers Win Rate65%48%46%48%56%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MOVE Max Drawdown--67%-70%-76%-92%-51% 
Peers Max Drawdown-34%-52%-51%-42%-45%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FOSL, CPRI, TPR, SIG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

How Low Can It Go

EventMOVES&P 500
2023 SVB Regional Banking Crisis
  % Loss-33.6%-6.7%
  % Gain to Breakeven50.5%7.1%
  Time to Breakeven21 days31 days

Compare to FOSL, CPRI, TPR, SIG

In The Past

Corvex's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMOVES&P 500
2023 SVB Regional Banking Crisis
  % Loss-33.6%-6.7%
  % Gain to Breakeven50.5%7.1%
  Time to Breakeven21 days31 days

Compare to FOSL, CPRI, TPR, SIG

In The Past

Corvex's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Corvex (MOVE)

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.

AI Analysis | Feedback

1. Oura Ring, but aiming for medical-grade accuracy and future non-invasive continuous glucose and blood pressure monitoring.

2. A Fitbit or Apple Watch, but purely focused on advanced, clinical-grade health data from small, dedicated sensors.

3. A future-focused Dexcom for non-invasive continuous glucose monitoring, delivered through a discreet wearable.

AI Analysis | Feedback

  • Movano Ring: A wearable device designed to measure vital health parameters like heart rate, sleep, respiration, and activity, with women-centric features.
  • Non-invasive Continuous Glucose Monitoring: A technology under development to provide glucose level tracking without invasive procedures.
  • Cuffless Blood Pressure Monitoring: A technology under development for continuous blood pressure measurement without a traditional cuff.

AI Analysis | Feedback

Movano Inc. (symbol: MOVE) primarily sells its products directly to individuals.

The company serves the following categories of customers:

  1. Health-Conscious Individuals: Consumers who are actively engaged in monitoring their general wellness, including heart rate, sleep patterns, respiration, temperature, and activity levels for overall health and fitness management.
  2. Women Seeking Specific Health Insights: Individuals who are interested in features and design tailored for women's health, as the Movano Ring incorporates women-centric aspects. This includes tracking data relevant to menstrual cycles and other female-specific health metrics.
  3. Individuals Managing Chronic Conditions or Focusing on Prevention: As the company develops non-invasive continuous glucose monitoring and cuffless blood pressure monitoring, it will target individuals with conditions like diabetes and hypertension, or those at risk, who require ongoing, convenient health monitoring.

AI Analysis | Feedback

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AI Analysis | Feedback

John Mastrototaro, PhD - Chief Executive Officer, President & Director

John Mastrototaro has over 30 years of experience in the medical device industry, leading innovation and bringing new products to the market. Before becoming CEO of Movano Health, he was the COO of Orthosensor, Inc., which was acquired by Stryker (NYSE: SYK). He spent the majority of his career with Medtronic and MiniMed, where he was instrumental in initiating and leading a series of firsts in the world of diabetes, including the ambulatory continuous glucose monitoring system, the sensor augmented insulin pump, and early generations of the artificial pancreas.

J. Cogan, CFA - Chief Financial Officer & Secretary

J. Cogan brings 24 years of experience on Wall Street to Movano Health. He previously served as a portfolio manager at Ascend Capital, a multi-billion dollar hedge fund, and as a senior equity research analyst for Banc of America Securities, specializing in the consumer, media, and technology sectors.

Michael Aaron Leabman - Founder, Chief Technology Officer & Director

Michael Leabman is an MIT-educated serial entrepreneur with expertise in RF technology. He has founded four RF-based start-ups and led his last company to an IPO. Leabman holds over 200 patents issued in smart antenna array technology for telecom/power.

Michael Soule - Chief Commercial Officer

Michael Soule has a proven track record of helping small to medium-sized companies grow, including BodyMedia, which was purchased by Jawbone, and Misfit Wearable, which was acquired by Fossil. Most recently, he was the Global Head of Business Development & Partnerships at Bose Health, and prior to that, he was part of the leadership teams at Weight Watchers Health Solutions, Medtronic, and Philips.

Tyla Bucher - Chief Marketing Officer

Tyla Bucher has over two decades of experience building and launching global integrated consumer marketing campaigns for top-tier brands. Before joining Movano, she held various brand strategy and marketing leadership roles at Hasbro, where she oversaw the development of the company's first direct-to-consumer channel. She also served as Vice President Brand Marketing at Twentieth Century Fox, overseeing the execution of strategic business plans across multiple channels for new studio releases.

AI Analysis | Feedback

Key Risks to Movano Inc. (MOVE)

  1. Nasdaq Delisting and Compliance Issues: Movano Inc. faces a significant and immediate risk of delisting from the Nasdaq Capital Market due to recurring non-compliance with listing rules. The company has received multiple notices for failing to maintain the minimum $1.00 bid price requirement and for late filings of its quarterly financial reports (Form 10-Q). While Movano plans to appeal these determinations and has submitted compliance plans, there is no assurance that Nasdaq will grant extensions or that the company will successfully regain and maintain compliance, which could severely impact its ability to raise capital and its overall financial condition.
  2. Weak Financial Performance and Going Concern Risk: Movano Inc. has consistently incurred significant losses from operations, generated negative cash flows, and holds a substantial accumulated deficit. Its cash and cash equivalents are projected to be insufficient to fund operating requirements beyond 2025, raising substantial doubt about the company's ability to continue as a going concern. The company's stock also faces challenges due to weak financial performance, marked by negative profitability and cash flow issues.
  3. Strategic Pivot to AI Infrastructure and Execution Risk: A recent reverse merger with Corvex Inc. has positioned the combined entity as an AI infrastructure platform, representing a significant pivot from Movano's original focus on health wearables. This abrupt change in strategic direction raises serious concerns about strategic coherence and execution risk. Movano's legacy health tech business generates minimal trailing revenue (approximately $500K) and has deeply negative EBITDA of -$15.6M, suggesting a potential destruction of value from its original offerings. The success of this new direction in the highly competitive AI infrastructure market, particularly after a history of financial struggles in its previous domain, presents considerable uncertainty and execution challenges.

AI Analysis | Feedback

The entry of Samsung into the smart ring market with the announced Galaxy Ring poses a clear emerging threat. Samsung is a global technology giant with significant resources for research, development, manufacturing, marketing, and distribution, as well as an established ecosystem of consumer electronics. This directly competes with Movano's primary product, the Movano Ring, which measures similar health metrics and targets the wearable health device market.

AI Analysis | Feedback

For Movano Inc. (symbol: MOVE), the addressable markets for its main products and services are as follows:

  • Smart Ring (Evie Ring): The global smart ring market was valued at approximately USD 416.9 million in 2025 and is projected to reach USD 3,772.4 million by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 29.30% during this period. North America held the largest share of this market, accounting for 45.10% in 2025. Another estimate places the global smart rings market size at USD 417.5 million in 2025, projected to reach USD 2,079.3 million by 2033 with a CAGR of 22.5%. Movano's Evie Ring is specifically designed for women, initially targeting women aged 30-75.
  • Non-invasive Continuous Glucose Monitoring (CGM): The global continuous glucose monitoring devices market was valued at USD 13.38 billion in 2025 and is projected to reach USD 49.87 billion by 2033, growing at a CAGR of 15.10%. North America is a significant region in this market, holding 63.3% of the global market share in 2025.
  • Cuffless Blood Pressure Monitoring: The global cuffless blood pressure monitor market size was valued at USD 585.5 million in 2022 and is expected to grow at a CAGR of 10.9% from 2023 to 2030, reaching USD 1.3 billion by 2030. In 2022, North America dominated this market with a 38.2% share.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Corvex (symbol: MOVE) over the next 2-3 years:

  1. Expansion into AI Infrastructure and NVIDIA GPU Deployment: The all-stock merger with Corvex has positioned the combined company, which trades under the symbol MOVE, as an AI infrastructure platform. This strategic pivot includes a long-term NVIDIA H200 GPU deployment, indicating a significant new revenue stream from secure AI inference and high-performance computing, which is expected to capture surging demand in this high-growth sector.
  2. Growth in Direct-to-Consumer (D2C) Sales of the Evie Ring: Movano Inc. has reported strong demand for its Evie Ring following initial launches and relaunches. Future revenue growth is anticipated from building inventory, improved capital position and operational efficiencies, and expanded marketing efforts, including the upcoming launch of an Android application, targeting a broader consumer base.
  3. FDA Clearance and Business-to-Business (B2B) Healthcare Partnerships for EvieMED Ring: Movano is actively pursuing FDA 510(k) clearance for its EvieMED Ring, which integrates medical-grade pulse oximetry with wellness tracking. Securing this clearance and establishing B2B partnerships with healthcare providers are key initiatives expected to drive revenue from professional healthcare applications.
  4. Commercialization of Advanced Health Monitoring Features (Cuffless Blood Pressure and Non-Invasive Glucose Monitoring): The company is advancing clinical trials for non-invasive continuous glucose monitoring and cuffless blood pressure monitoring using its proprietary radiofrequency technology. Successful validation and subsequent commercialization of these highly sought-after features in future wearable devices represent substantial future revenue opportunities.

AI Analysis | Feedback

Capital Allocation Decisions for Movano Inc. (MOVE)

Share Issuance

  • In December 2025, stockholders approved an increase in the number of authorized shares of common stock from 500 million to 2.5 billion.
  • Shareholders also approved the issuance of more than 20% of the company's outstanding common stock under a purchase agreement with Chardan Capital Markets, LLC in December 2025.
  • In connection with its all-stock merger with Corvex, Inc., Movano issued various classes of preferred stock (Series B, C, and D Convertible Preferred Stock) to Corvex securityholders.

Inbound Investments

  • Movano, together with Corvex, Inc., raised an aggregate of $40.0 million from concurrent private placement financings related to their merger agreement in November 2025.
  • The company entered into an all-stock merger agreement with Corvex, Inc., an AI cloud computing company, where Corvex shareholders were expected to own approximately 96.2% of the combined entity.

Capital Expenditures

  • Movano Inc. is actively engaged in developing its platform for healthcare solutions and wearable devices, including the Evie Ring, which entails ongoing investments in research and development.
  • A primary focus of capital allocation includes pursuing regulatory clearances, such as FDA clearance for the Evie Ring, and expanding integrations with electronic health record systems.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MOVEFOSLCPRITPRSIGMedian
NameCorvex Fossil Capri Tapestry Signet J. 
Mkt Price18.914.3921.33147.4290.2521.33
Mkt Cap0.00.32.529.93.62.5
Rev LTM-9963,4747,8516,8265,150
Op Inc LTM-28781,743491284
FCF LTM--23141,755568291
FCF 3Y Avg--81141,317541328
CFO LTM--19771,903709393
CFO 3Y Avg--22221,443685453

Growth & Margins

MOVEFOSLCPRITPRSIGMedian
NameCorvex Fossil Capri Tapestry Signet J. 
Rev Chg LTM--11.4%-4.1%14.1%1.4%-1.4%
Rev Chg 3Y Avg--15.1%-14.3%5.8%-3.7%-9.0%
Rev Chg Q--3.7%-3.7%21.2%0.8%-1.4%
QoQ Delta Rev Chg LTM--0.8%-0.9%4.5%0.2%-0.3%
Op Inc Chg LTM-304.8%-35.5%41.3%-3.8%18.8%
Op Inc Chg 3Y Avg--82.2%-53.0%16.2%-12.8%-32.9%
Op Mgn LTM-2.8%2.2%22.2%7.2%5.0%
Op Mgn 3Y Avg--1.6%4.7%19.2%7.7%6.2%
QoQ Delta Op Mgn LTM-0.5%0.1%1.3%-0.4%0.3%
CFO/Rev LTM--1.9%2.2%24.2%10.4%6.3%
CFO/Rev 3Y Avg--0.4%5.8%20.0%10.0%7.9%
FCF/Rev LTM--2.3%0.4%22.4%8.3%4.4%
FCF/Rev 3Y Avg--0.9%3.0%18.3%7.9%5.4%

Valuation

MOVEFOSLCPRITPRSIGMedian
NameCorvex Fossil Capri Tapestry Signet J. 
Mkt Cap0.00.32.529.93.62.5
P/S-0.30.73.80.50.6
P/Op Inc-9.132.517.17.413.1
P/EBIT--40.632.533.38.820.6
P/E--4.218.545.012.315.4
P/CFO--13.332.915.75.110.4
Total Yield--24.0%5.4%3.3%9.6%4.3%
Dividend Yield0.0%0.0%0.0%1.1%1.4%0.0%
FCF Yield 3Y Avg--2.4%3.9%8.1%15.9%6.0%
D/E0.41.30.60.10.30.4
Net D/E-0.31.00.50.10.20.2

Returns

MOVEFOSLCPRITPRSIGMedian
NameCorvex Fossil Capri Tapestry Signet J. 
1M Rtn-5.0%8.1%23.6%14.3%18.8%14.3%
3M Rtn93.9%-8.0%14.8%4.0%10.2%10.2%
6M Rtn172.5%12.6%-18.1%20.3%3.8%12.6%
12M Rtn289.0%230.1%29.0%89.2%19.7%89.2%
3Y Rtn-83.4%92.5%-42.1%265.0%57.4%57.4%
1M Excs Rtn-1.6%7.2%24.3%11.6%15.8%11.6%
3M Excs Rtn81.9%-20.0%2.7%-8.0%-1.8%-1.8%
6M Excs Rtn168.1%5.8%-25.9%18.0%-9.8%5.8%
12M Excs Rtn203.4%199.4%-5.1%59.3%-7.8%59.3%
3Y Excs Rtn-159.0%-1.3%-119.3%194.6%-38.7%-38.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025
Single Segment0
Total0


Price Behavior

Price Behavior
Market Price$18.91 
Market Cap ($ Bil)0.0 
First Trading Date03/23/2021 
Distance from 52W High-22.7% 
   50 Days200 Days
DMA Price$17.10$9.72
DMA Trendupup
Distance from DMA10.6%94.4%
 3M1YR
Volatility149.7%252.0%
Downside Capture166.48218.09
Upside Capture332.94322.50
Correlation (SPY)16.9%16.7%
MOVE Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.591.051.192.193.381.61
Up Beta5.54-0.981.82-1.546.801.26
Down Beta-4.25-6.04-4.13-2.06-0.131.60
Up Capture260%322%519%1409%1239%132%
Bmk +ve Days13283667141432
Stock +ve Days11233763125353
Down Capture57%428%86%259%165%113%
Bmk -ve Days7132757109318
Stock -ve Days9182661124382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MOVE
MOVE228.3%251.0%1.28-
Sector ETF (XLK)54.9%22.5%1.8614.3%
Equity (SPY)24.9%12.3%1.5216.4%
Gold (GLD)25.5%27.4%0.8113.8%
Commodities (DBC)30.1%19.0%1.2510.1%
Real Estate (VNQ)13.5%13.5%0.697.6%
Bitcoin (BTCUSD)-41.7%42.2%-1.169.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MOVE
MOVE-49.5%139.6%0.02-
Sector ETF (XLK)22.4%25.1%0.7913.3%
Equity (SPY)13.5%17.1%0.6114.3%
Gold (GLD)16.8%18.2%0.759.6%
Commodities (DBC)8.4%19.4%0.336.6%
Real Estate (VNQ)2.8%18.8%0.059.0%
Bitcoin (BTCUSD)13.6%54.4%0.447.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MOVE
MOVE-30.9%137.4%-0.01-
Sector ETF (XLK)25.1%24.6%0.9213.4%
Equity (SPY)15.3%17.9%0.7314.3%
Gold (GLD)12.5%16.1%0.649.4%
Commodities (DBC)6.7%18.0%0.296.2%
Real Estate (VNQ)5.7%20.7%0.248.9%
Bitcoin (BTCUSD)60.3%66.8%1.007.8%

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Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 515202623.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity2.2 Mil
Short % of Basic Shares2.8%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/19/20267.6%-2.1% 
12/22/2025-0.6%-4.1%102.9%
11/14/2024-8.8%-9.7%74.1%
8/14/2024-0.8%-1.4%-9.1%
5/15/2024-6.2%-10.4%-11.6%
11/15/2023-12.1%-7.6%-23.5%
8/14/2023-9.0%-16.5%-19.5%
5/15/2023-8.1%-18.7%-18.7%
...
SUMMARY STATS   
# Positive634
# Negative91210
Median Positive2.9%12.4%48.7%
Median Negative-6.2%-6.7%-15.9%
Max Positive7.6%19.0%102.9%
Max Negative-12.1%-18.7%-23.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/19/202610-Q
12/31/202503/31/202610-K
09/30/202512/22/2025S-4

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mastrototaro, JohnChief Executive OfficerDirectSell128202620.8033,069687,9491,167,364Form
2Cogan, JeremyCFODirectSell128202620.7828,736597,2581,257,534Form
3Leabman, Michael AaronChief Technology OfficerDirectSell11220267.277835,692253,992Form
4Leabman, Michael AaronChief Technology OfficerDirectSell11220267.263,59326,085259,327Form
5Leabman, Michael AaronChief Technology OfficerDirectSell11220267.343,29324,171288,557Form
Core Cache Last Updated: 6/14/2026