ReWalk Robotics Ltd. (NASDAQ:RWLK) shares fell below their 50-day moving average during trading on Friday . The stock hit a low of $0.68, before closing at $0.69, with a volume of 98,684 shares traded.
Opinions of Wall Street analysts
StockNews.com recently initiated coverage on ReWalk Robotics, giving it a “sell” rating. Meanwhile, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on the company’s stock.
Company overview
ReWalk Robotics is a medical device company that designs, develops and commercializes robotic exoskeletons for individuals with mobility impairments or other medical conditions. The company offers products such as ReWalk Personal and ReWalk Rehabilitation for spinal cord injuries, as well as ReStore for people with lower extremity disabilities due to stroke. They also provide motion biofeedback devices for use in the home or clinical setting.
Shares of the company have a 50-day simple moving average of $0.71 and a 200-day simple moving average of $0.68. With a market cap of $41.40 million and a beta of 2.37, ReWalk Robotics has a price-to-earnings ratio of -2.09.
Latest earnings results
In its latest earnings report, ReWalk Robotics beat analysts’ expectations with EPS of ($0.05), beating the consensus estimate of ($0.07) by $0.02. The company reported revenue of $1.34 million for the quarter, which was in line with expectations. Analysts forecast that ReWalk Robotics will post -0.35 earnings per share for the current fiscal year.
Insider buying and selling
Major shareholder Global Fund Lp Lind II recently bought 5,031,200 0.70 shares of ReWalk Robotics at an average price of $3,521,840.00 per share, for a total transaction amounting to $35,242. Insiders have bought a total of XNUMX XNUMX company shares in the last quarter, while selling XNUMX XNUMX shares.
Operation of hedge funds
Renaissance Technologies LLC and Millennium Management LLC are among the hedge funds that have recently increased their stakes in ReWalk Robotics. Renaissance Technologies now owns 222,500 shares while Millennium Management owns 139,009 shares.
Sources
– https://www.marketbeat.com/stocks/NASDAQ/RWLK/
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2023-10-15 14:47:46
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