Growing Through Challenges? – ReWalk Robotics Ltd. (NASDAQ: RWLK)

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Heights Capital Management, Inc. recently announced the acquisition of new stake in ReWalk Robotics Ltd. (NASDAQ:RWLK). This fresh investment now brings its stake to 6.69% valued currently at $2.25 million. In addition, Armistice Capital LLC raised its holdings by 0.29 million to 0.94 million shares. And SagePoint Financial, Inc. (Invest. has lifted its position by 66.02% or 0.15 million shares – to 0.38 million shares.

With over 0.37 million ReWalk Robotics Ltd. (RWLK) shares trading Monday and a closing price of $1.36 on the day, the dollar volume was approximately $0.5 million. The shares have shown a positive weekly performance of 9.68% and its price on 07/20/20 lost nearly 0.00%. Currently, there are 19.14M common shares owned by the public and among those 11.53M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for RWLK have a consensus price objective of $3.50. The analysts have set the share’s price value over the next 12 months at a high of $3.50 and a low of $3.50 should the stock experience a downside. Incidentally, analysts’ outlook for the ReWalk Robotics Ltd. stock is 2.00 for the next 12 months. But an upside of 61.14% will see the stock hit the forecast high price target while mean target price for the stock is $3.50.

Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 585,688 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 4,290 shares.

Gabelli Equity Trust owns 27064.0 shares of the company’s stock, all valued at over $47633.0.

Shares of ReWalk Robotics Ltd. (NASDAQ: RWLK) opened at $1.31, down -$0.05 from a prior closing price of $1.36. However, the script later closed the day at $1.36, down 0.00%. The company’s stock has a 5-day price change of 9.68% and 48.23% over the past three months. RWLK shares are trading -37.04% year to date (YTD), with the 12-month market performance down to -66.50% lower. It has a 12-month low price of $0.41 and touched a high of $4.28 over the same period. Currently, 0.37 million shares have been traded, compared to an average intraday trading volume of 884.07K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.77%, -6.70%, and -18.44% respectively.

Institutional ownership of ReWalk Robotics Ltd. (NASDAQ: RWLK) shares accounts for 9.00% of the company’s 19.14M shares outstanding. Mutual fund holders own 17.50%, while other institutional holders and individual stakeholders account for 3.47% and 0.20% respectively.

It has a market capitalization of $26.60M and a beta (3y monthly) value of 3.71. The earnings-per-share (ttm) stands at -$2.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.24% over the week and 11.50% over the month.

Analysts forecast that ReWalk Robotics Ltd. (RWLK) will achieve an EPS of -$0.27 for the current quarter, -$0.22 for the next quarter and -$0.45 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.27. Comparatively, EPS for the current quarter was -$0.88 a year ago. Earnings per share for the fiscal year are expected to increase by 81.70%, and 55.90% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate ReWalk Robotics Ltd. (RWLK) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the RWLK, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on April 03, 2017, with the firm’s price target at $2.50-$1.50. Oppenheimer coverage for the ReWalk Robotics Ltd. (RWLK) stock in a research note released on December 16, 2016 offered a Outperform rating with a price target of. Piper Jaffray was of a view on July 15, 2016 that the stock is Overweight, while Canaccord Genuity gave the stock Buy rating on May 22, 2015, issuing a price target of $11- $17. Barclays on their part issued Equal Weight rating on May 08, 2015.

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