ReWalk Robotics (NASDAQ:LFWD) Stock Price Down 27.3% – What’s Next?

ReWalk Robotics Ltd. (NASDAQ:LFWD)’s stock price was down 27.3% on Tuesday . The stock traded as low as $1.83 and last traded at $2.21. Approximately 3,427,577 shares were traded during mid-day trading, an increase of 69% from the average daily volume of 2,024,839 shares. The stock had previously closed at $3.04.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $13.00 price target on shares of ReWalk Robotics in a report on Wednesday, November 13th.

ReWalk Robotics Price Performance

The company has a market capitalization of $17.44 million, a price-to-earnings ratio of -0.80 and a beta of 2.08. The stock has a 50 day simple moving average of $1.95 and a two-hundred day simple moving average of $2.90.

ReWalk Robotics (NASDAQ:LFWD) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.08). The business had revenue of $6.13 million during the quarter, compared to analysts’ expectations of $8.38 million. ReWalk Robotics had a negative net margin of 77.21% and a negative return on equity of 43.02%. During the same quarter in the previous year, the company posted ($0.56) EPS. Equities research analysts predict that ReWalk Robotics Ltd. will post -1.78 EPS for the current year.

Insider Transactions at ReWalk Robotics

In other news, major shareholder Global Fund Lp Lind II sold 381,676 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $3.36, for a total transaction of $1,282,431.36. Following the transaction, the insider now directly owns 1,049,430 shares in the company, valued at approximately $3,526,084.80. This trade represents a 26.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Swinford bought 16,471 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $1.84 per share, for a total transaction of $30,306.64. Following the completion of the acquisition, the director now directly owns 26,511 shares in the company, valued at approximately $48,780.24. This trade represents a 164.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 61,000 shares of company stock worth $115,279. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ReWalk Robotics stock. Dimensional Fund Advisors LP bought a new position in shares of ReWalk Robotics Ltd. (NASDAQ:LFWD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned 0.16% of ReWalk Robotics as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 26.76% of the company’s stock.

About ReWalk Robotics

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.