Buying ReWalk Robotics Ltd. (RWLK) Stock Is A Smart Move Today?

ReWalk Robotics Ltd. (NASDAQ:RWLK) finished Wednesday with an addition of $0.01 to close at $1.47, an upside of 0.68 percent. An average of 4,063,840 shares of common stock have been traded in the last five days. There was a gain of $0.1400 in the past week. The last 20 days have seen an average of 37,661,141 shares traded, while the 50-day average volume stands at 15,274,306.

RWLK stock has increased by 17.60% in the last month. The company shares reached their 1-month lowest point of $1.2100 on 09/16/21. With the stock rallying to its 52-week high on 02/12/21, shares of the company touched a low of $1.00 and a high of $6.00 in 52 weeks. In spite of this, the price is down -75.50% from the 52-week high.


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Insider Transactions

115 days have passed since ReWalk Robotics Ltd. (RWLK) last reported insider trading activity. Jasinski Lawrence J, who is Chief Executive Officer, most recently acquired $22,500 shares at $1.69 per share on Jun 21. In this transaction, the insider spent $38,025. Chief Executive Officer, Jasinski Lawrence J, disposed of 148 shares at a price of $1.90 on May 04. The insider now owns more than $281 worth of shares.

Valuation Metrics

ReWalk Robotics Ltd. (RWLK) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.30 for the sector. The stock’s beta is 3.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.63, the price-to-book (PB) ratio at 1.03.

The quick ratio of ReWalk Robotics Ltd. for the three months ended June 29 was 15.70, and the current ratio was 16.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 47.20% against a 5-year average of 40.3%. ReWalk Robotics Ltd.’s EBITDA margin for the year ending June 29 is -266.77%. Its gross profit as reported stood at $2.19 million compared to revenue of $4.39 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ReWalk Robotics Ltd.’s return on assets was -24.90%, compared to -89.4% over the last five years. In the past year, the return on investment has been -55.30%, and the 5-year average is -95.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -28.80% and the 5-year average holds at -345.1%. For the broader industry, ROE averaged 3.96 over the past year.

Earnings Surprise

The analyst consensus anticipated ReWalk Robotics Ltd.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.07, a -16.70% surprise. For the quarter, EBITDA amounted to -$3.07 million. Shareholders own equity worth $46.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ReWalk Robotics Ltd. (RWLK) price momentum. RSI 9-day as of the close on 13 October was 50.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 76.47%.

As of today, RWLK’s price is $1.4180 +10.53% or $0.1400 from its 5-day moving average. RWLK is currently trading +15.75% higher than its 20-day SMA and -20.97% lower than its 100-day SMA. However, the stock’s current price level is +2.80% above the SMA50 and -4.55% below the SMA200.

The stochastic %K and %D were 11.86% and 9.24%, respectively, and the average true range (ATR) was 0.1906. With the 14-day stochastic at 12.08% and the average true range at 0.1999, the RSI (14) stands at 49.80%. The stock has reached 0.0844 on the 9-day MACD Oscillator while the 14-day reading was at -0.0176.

Analyst Ratings

Barclays downgraded ReWalk Robotics Ltd. (NASDAQ: RWLK) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal weight.The consensus rating for ReWalk Robotics Ltd. (RWLK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RWLK, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is RWLK’s price target for the next 12 months?

Analysts predict a range of price targets between $3.50 and $3.50, with a median target of $3.50. Taking a look at these predictions, the average price target given by analysts for ReWalk Robotics Ltd. (RWLK) stock is $3.50.

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