ReWalk Robotics Ltd (RWLK) Trading 5.4% Higher
ReWalk Robotics Ltd (NASDAQ:RWLK)’s share price traded up 5.4% during trading on Tuesday . The stock traded as high as $1.85 and last traded at $1.95. 366,767 shares changed hands during trading, a decline of 51% from the average session volume of 747,787 shares. The stock had previously closed at $1.85.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of ReWalk Robotics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. set a $4.00 target price on shares of ReWalk Robotics and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity lowered their target price on shares of ReWalk Robotics from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $4.00.
The stock’s 50 day moving average is $1.47 and its 200 day moving average is $1.61. The firm’s market cap is $39.69 million.
ReWalk Robotics (NASDAQ:RWLK) last issued its quarterly earnings results on Thursday, August 3rd. The medical device company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.06. ReWalk Robotics had a negative net margin of 389.13% and a negative return on equity of 528.26%. The firm had revenue of $2.01 million for the quarter, compared to analysts’ expectations of $1.71 million. During the same period in the previous year, the firm posted ($0.64) EPS. The company’s revenue for the quarter was up 145.7% on a year-over-year basis. On average, analysts predict that ReWalk Robotics Ltd will post ($1.30) EPS for the current year.
In other ReWalk Robotics news, Director Jeff Dykan sold 37,030 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $3.00, for a total transaction of $111,090.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Scp Vitalife Partners (Israel) sold 9,271 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $3.00, for a total transaction of $27,813.00. The disclosure for this sale can be found here. Insiders have sold a total of 199,050 shares of company stock worth $604,020 over the last three months. Insiders own 13.70% of the company’s stock.
A hedge fund recently raised its stake in ReWalk Robotics stock. Renaissance Technologies LLC lifted its position in shares of ReWalk Robotics Ltd (NASDAQ:RWLK) by 61.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,600 shares of the medical device company’s stock after purchasing an additional 30,000 shares during the period. Renaissance Technologies LLC owned 0.48% of ReWalk Robotics worth $165,000 at the end of the most recent quarter. 4.27% of the stock is currently owned by hedge funds and other institutional investors.
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ReWalk Robotics Company Profile
ReWalk Robotics Ltd. is a medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow individuals with mobility impairments or other medical conditions the ability to stand and walk once again. The Company offers ReWalk, which is an exoskeleton that uses its tilt-sensor technology and an on-board computer and motion sensors to drive motorized legs that power movement.
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