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ReWalk Robotics Ltd. (RWLK) Volatility At 6.86%, Should You Add A Position?

ReWalk Robotics Ltd. (NASDAQ: RWLK) is -23.70% lower on its value in year-to-date trading and has touched a low of $0.79 and a high of $1.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RWLK stock was last observed hovering at around $0.88 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $3.00 for the next 12 months. It is also 68.67% off the consensus price target high of $3.00 offered by 1 analysts, but current levels are 68.67% higher than the price target low of $3.00 for the same period.

Currently trading at $0.94, the stock is 1.22% and 4.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 6.65% at the moment leaves the stock -5.85% off its SMA200. RWLK registered -30.48% loss for a year compared to 6-month loss of 2.53%.

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The stock witnessed a 5.45% gain in the last 1 month and extending the period to 3 months gives it a -7.99%, and is 2.79% up 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 6.86% over the week and 6.68% over the month.

ReWalk Robotics Ltd. (RWLK) has around 51 employees, a market worth around $55.45M and $4.60M in sales. Distance from 52-week low is 19.55% and -33.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.30%).

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 02/17/2023.The EPS is expected to grow by 67.70% this year

ReWalk Robotics Ltd. (RWLK) Top Institutional Holders

The shares outstanding are 62.79M, and float is at 54.07M with Short Float at 3.28%.

ReWalk Robotics Ltd. (RWLK) Insider Activity

A total of 61 insider transactions have happened at ReWalk Robotics Ltd. (RWLK) in the last six months, with sales accounting for 3 and purchases happening 58 times. The most recent transaction is an insider purchase by Lind Global Fund II LP, the company’s 10% Owner. SEC filings show that Lind Global Fund II LP bought 264,625 shares of the company’s common stock on Nov 11 at a price of $0.92 per share for a total of $0.24 million. Following the purchase, the insider now owns 4.81 million shares.

ReWalk Robotics Ltd. disclosed in a document filed with the SEC on Nov 10 that Lind Global Fund II LP (10% Owner) bought a total of 83,475 shares of the company’s common stock. The trade occurred on Nov 10 and was made at $0.88 per share for $73458.0. Following the transaction, the insider now directly holds 4.67 million shares of the RWLK stock.

Still, SEC filings show that on Nov 09, Lind Global Fund II LP (10% Owner) acquired 39,454 shares at an average price of $0.90 for $35509.0. The insider now directly holds 4,633,916 shares of ReWalk Robotics Ltd. (RWLK).

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

The company’s main competitors (and peers) include Hologic Inc. (HOLX) that is trading 0.04% up over the past 12 months.

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