During the last session, ReWalk Robotics Ltd. (NASDAQ:RWLK)’s traded shares were 0.35 million, with the beta value of the company hitting 2.99. At the end of the trading day, the stock’s price was $1.21, reflecting an intraday loss of -1.63% or -$0.02. The 52-week high for the RWLK share is $6.00, that puts it down -395.87 from that peak though still a striking 4.13% gain since the share price plummeted to a 52-week low of $1.16. The company’s market capitalization is $76.15M, and the average trade volume was 5.12 million shares over the past three months.
ReWalk Robotics Ltd. (RWLK) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. RWLK has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.
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ReWalk Robotics Ltd. (RWLK) registered a -1.63% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.63% in intraday trading to $1.21 this Friday, 01/07/22, hitting a weekly high. The stock’s 5-day price performance is -1.63%, and it has moved by -12.95% in 30 days. Based on these gigs, the overall price performance for the year is -24.84%.
The consensus price target of analysts on Wall Street is $3.50, which implies an increase of 65.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.50 and $3.50 respectively. As a result, RWLK is trading at a discount of -189.26% off the target high and -189.26% off the low.
ReWalk Robotics Ltd. (RWLK) estimates and forecasts
Statistics show that ReWalk Robotics Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. ReWalk Robotics Ltd. (RWLK) shares have gone down -21.94% during the last six months, with a year-to-date growth rate more than the industry average at 70.73% against 15.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 71.40% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 48.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.78 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $2.2 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.22 million and $1.32 million respectively. In this case, analysts expect current quarter sales to grow by 46.10% and then jump by 67.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.40%. While earnings are projected to return 69.50% in 2022.
ReWalk Robotics Ltd. is due to release its next quarterly earnings between February 16 and February 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ReWalk Robotics Ltd. (NASDAQ:RWLK)’s Major holders
ReWalk Robotics Ltd. insiders own 6.83% of total outstanding shares while institutional holders control 7.02%, with the float percentage being 7.53%. Sabby Management, LLC is the largest shareholder of the company, while 43 institutions own stock in it. As of Sep 29, 2021, the company held over 1.63 million shares (or 2.61% of all shares), a total value of $2.47 million in shares.
The next largest institutional holding, with 0.59 million shares, is of CVI Holdings, LLC’s that is approximately 0.95% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $0.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of ReWalk Robotics Ltd. (RWLK) shares are Highland Fds I-Highland Healthcare Opportunities Fd and iShares Micro Cap ETF. Data provided on Sep 29, 2021 indicates that Highland Fds I-Highland Healthcare Opportunities Fd owns about 0.3 million shares. This amounts to just over 0.48 percent of the company’s overall shares, with a $0.45 million market value. The same data shows that the other fund manager holds slightly less at 0.11 million, or about 0.18% of the stock, which is worth about $0.14 million.