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

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

Analysts Set New Price Targets

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

ReWalk Robotics Stock Down 27.3 %

The firm has a market cap of $19.47 million, a price-to-earnings ratio of -0.89 and a beta of 2.08. The stock’s 50 day moving average is $1.96 and its 200 day moving average is $2.92.

ReWalk Robotics (NASDAQ:LFWD) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.08). ReWalk Robotics had a negative net margin of 77.21% and a negative return on equity of 43.02%. The firm had revenue of $6.13 million for the quarter, compared to analyst estimates of $8.38 million. During the same quarter last year, the business posted ($0.56) earnings per share. Analysts anticipate that ReWalk Robotics Ltd. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at ReWalk Robotics

In other ReWalk Robotics news, Director Michael Swinford bought 16,907 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of $1.83 per share, for a total transaction of $30,939.81. Following the acquisition, the director now directly owns 43,418 shares of the company’s stock, valued at $79,454.94. This trade represents a 63.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders acquired 61,000 shares of company stock valued at $115,279. 2.50% of the stock is 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 ReWalk Robotics Ltd. (NASDAQ:LFWD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned about 0.16% of ReWalk Robotics as of its most recent SEC filing. 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.