ReWalk Robotics Ltd (RWLK) Trading 12.3% Higher
ReWalk Robotics Ltd (NASDAQ:RWLK) traded up 12.3% on Tuesday . The stock traded as high as $1.60 and last traded at $1.55. 1,314,300 shares traded hands during trading, an increase of 274% from the average session volume of 350,974 shares. The stock had previously closed at $1.38.
RWLK has been the topic of several recent research reports. Zacks Investment Research raised ReWalk Robotics from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Thursday, November 9th. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective on shares of ReWalk Robotics in a research report on Monday, November 6th. Jefferies Group LLC lowered their price objective on ReWalk Robotics from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. set a $4.00 price objective on ReWalk Robotics and gave the stock a “buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $3.00.
The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 7.46.
ReWalk Robotics (NASDAQ:RWLK) last issued its earnings results on Thursday, November 2nd. The medical device company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.10. ReWalk Robotics had a negative return on equity of 568.25% and a negative net margin of 346.14%. The business had revenue of $1.70 million during the quarter, compared to analyst estimates of $1.63 million. During the same period in the previous year, the company posted ($0.62) EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. equities analysts anticipate that ReWalk Robotics Ltd will post -1.14 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of RWLK. Renaissance Technologies LLC boosted its stake in ReWalk Robotics by 61.7% during the 1st quarter. Renaissance Technologies LLC now owns 78,600 shares of the medical device company’s stock valued at $165,000 after purchasing an additional 30,000 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in ReWalk Robotics by 328.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 156,981 shares of the medical device company’s stock valued at $228,000 after purchasing an additional 120,362 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in ReWalk Robotics by 1,495.6% during the 3rd quarter. Advisor Group Inc. now owns 181,900 shares of the medical device company’s stock valued at $264,000 after purchasing an additional 170,500 shares during the last quarter. 4.62% of the stock is owned by institutional investors and hedge funds.
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About ReWalk Robotics
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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