ReWalk Robotics Ltd (RWLK) Trading Down 6.4%
Shares of ReWalk Robotics Ltd (NASDAQ:RWLK) traded down 6.4% during trading on Wednesday . The company traded as low as $1.62 and last traded at $1.83. 659,819 shares were traded during mid-day trading, a decline of 11% from the average session volume of 745,516 shares. The stock had previously closed at $1.95.
A number of analysts have commented on the stock. Oppenheimer Holdings, Inc. set a $4.00 price objective on shares of ReWalk Robotics and gave the company a “buy” rating in a report on Friday, August 4th. Canaccord Genuity cut their price objective on shares of ReWalk Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of ReWalk Robotics from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.00.
The firm’s market capitalization is $39.69 million. The company’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.61.
ReWalk Robotics (NASDAQ:RWLK) last announced its earnings results on Thursday, August 3rd. The medical device company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.06. The company had revenue of $2.01 million during the quarter, compared to analysts’ expectations of $1.71 million. ReWalk Robotics had a negative net margin of 389.13% and a negative return on equity of 528.26%. The firm’s quarterly revenue was up 145.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.64) earnings per share. Analysts expect that ReWalk Robotics Ltd will post ($1.30) earnings per share for the current year.
In other ReWalk Robotics news, Director Wayne Weisman sold 87,000 shares of ReWalk Robotics stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $3.05, for a total transaction of $265,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Dykan sold 37,030 shares of ReWalk Robotics stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $3.00, for a total transaction of $111,090.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,050 shares of company stock valued at $604,020. 13.70% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in ReWalk Robotics stock. Renaissance Technologies LLC increased its position in ReWalk Robotics Ltd (NASDAQ:RWLK) by 61.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,600 shares of the medical device company’s stock after buying an additional 30,000 shares during the period. Renaissance Technologies LLC owned about 0.48% of ReWalk Robotics worth $165,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.27% of the company’s stock.
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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