ReWalk Robotics Ltd. (RWLK) – Don’t Be So Quick to Call it Dead

26 institutions hold shares in ReWalk Robotics Ltd. (RWLK), with 710.38k shares held by insiders accounting for 2.12% while institutional investors hold 9.44% of the company’s shares. The shares outstanding are 44.37M, and float is at 32.52M with Short Float at 14.33%. Institutions hold 9.24% of the Float.

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The top institutional shareholder in the company is Armistice Capital, LLC with over 1.39 million shares valued at $1.84 million. The investor’s holdings represent 3.03% of the RWLK Shares outstanding. As of Dec 30, 2020, the second largest holder is Anson Funds Management LP with 1.05 million shares valued at $1.38 million to account for 2.28% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.31 million shares representing 0.67% and valued at over $0.41 million, while Advisor Group, Inc. holds 0.60% of the shares totaling 0.28 million with a market value of $0.37 million.

ReWalk Robotics Ltd. (NASDAQ: RWLK) is 71.21% higher on its value in year-to-date trading and has touched a low of $0.43 and a high of $6.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RWLK stock was last observed hovering at around $2.27 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $3.50 for the next 12 months. It is also 35.43% off the consensus price target high of $3.50 offered by 1 analysts, but current levels are 35.43% higher than the price target low of $3.50 for the same period.

Currently trading at $2.26, the stock is -16.94% and -23.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -0.44% at the moment leaves the stock 30.07% off its SMA200. RWLK registered 424.48% gain for a year compared to 6-month gain of 111.21%. The firm has a 50-day simple moving average (SMA 50) of $3.0273 and a 200-day simple moving average (SMA200) of $1.9295.

The stock witnessed a -25.66% loss in the last 1 month and extending the period to 3 months gives it a 64.96%, and is -2.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.65% over the week and 9.95% over the month.

ReWalk Robotics Ltd. (RWLK) has around 49 employees, a market worth around $104.37M and $4.40M in sales. Distance from 52-week low is 424.36% and -62.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-55.30%).

ReWalk Robotics Ltd. (RWLK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for ReWalk Robotics Ltd. (RWLK) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

ReWalk Robotics Ltd. is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $1M over the same period.The EPS is expected to grow by 69.50% this year, but quarterly earnings will post 28.60% year-over-year. Quarterly sales are estimated to grow 31.60% in year-over-year returns.

ReWalk Robotics Ltd. (RWLK) Insider Activity

A total of 3 insider transactions have happened at ReWalk Robotics Ltd. (RWLK) in the last six months, with sales accounting for 2 and purchases happening 1 times.

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ReWalk Robotics Ltd. (RWLK): Who are the competitors?

The company’s main competitors (and peers) include Hologic Inc. (HOLX) that is trading 103.29% up over the past 12 months and Natus Medical Incorporated (NTUS) that is 10.86% higher over the same period. Varian Medical Systems Inc. (VAR) is 70.16% up on the 1-year trading charts. Short interest in the company’s stock has fallen -482.29% from the last report on Mar 14, 2021 to stand at a total of 4.66 million short shares sold with a short interest ratio of 1.11.

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