Lifeward (NASDAQ:LFWD) Stock Price Down 3.4% – Here’s Why

Lifeward Ltd. (NASDAQ:LFWD)’s share price dropped 3.4% during mid-day trading on Thursday . The company traded as low as $6.69 and last traded at $6.76. Approximately 5,008 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 7,272 shares. The stock had previously closed at $7.00.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LFWD shares. HC Wainwright boosted their price target on shares of Lifeward to $10.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lifeward in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Lifeward Trading Down 6.8%

The firm’s fifty day moving average price is $6.76 and its 200-day moving average price is $7.12. The firm has a market cap of $9.64 million, a price-to-earnings ratio of -0.34 and a beta of 0.32.

Lifeward (NASDAQ:LFWD) last issued its earnings results on Thursday, March 19th. The company reported ($3.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($3.53). Lifeward had a negative net margin of 90.38% and a negative return on equity of 145.55%. The company had revenue of $5.08 million during the quarter, compared to analyst estimates of $7.87 million. On average, sell-side analysts expect that Lifeward Ltd. will post -1.14 earnings per share for the current year.

Hedge Funds Weigh In On Lifeward

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HRT Financial LP grew its stake in shares of Lifeward by 149.7% during the 4th quarter. HRT Financial LP now owns 49,081 shares of the company’s stock worth $28,000 after purchasing an additional 29,423 shares during the period. Jane Street Group LLC grew its stake in shares of Lifeward by 77.3% during the 4th quarter. Jane Street Group LLC now owns 68,631 shares of the company’s stock worth $40,000 after purchasing an additional 29,927 shares during the period. Virtu Financial LLC grew its stake in shares of Lifeward by 158.0% during the 4th quarter. Virtu Financial LLC now owns 60,474 shares of the company’s stock worth $35,000 after purchasing an additional 37,037 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of Lifeward by 1,271.8% during the 3rd quarter. Citadel Advisors LLC now owns 214,006 shares of the company’s stock worth $152,000 after purchasing an additional 198,406 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

About Lifeward

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.