ReWalk Robotics Ltd. (NASDAQ:RWLK) saw a downside of -1.75% to $0.70 after subtracting -$0.01 on Wednesday. The 5-day average trading volume is 263,697 shares of the company’s common stock. It has gained $0.7323 in the past week and touched a new high 3 times within the past 5 days. An average of 167,944 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 201,116.
RWLK’s 1-month performance is -11.26% or -$0.0944 on its low of $0.6441 reached on 08/03/23. The company’s shares have touched a 52-week low of $0.56 and high of $1.14, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, RWLK has lost -7.91% or -$0.0745 and has reached a new high 13 times. However, the current price is down -38.60% from the 52-week high price.
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Insider Transactions
RWLK stock investors last saw insider trading activity on Aug 02.Jasinski Lawrence J (Chief Executive Officer) most recently sold 15,237 shares at $0.69 per share on Aug 02. This transaction cost the insider $10,524. VP of Market Access & Strategy, Lynch Jeannine, sold 10,476 shares at a price of $0.69 on Aug 02. Then, on Jun 20, Chief Executive Officer Jasinski Lawrence J sold 22,920 shares at a price of $0.59 per share. This transaction amounted to $13,564.
Valuation Metrics
RWLK stock has a beta of 2.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.86 while the price-to-book (PB) in the most recent quarter is 0.65.
ReWalk Robotics Ltd.’s quick ratio for the period ended March 30 was 16.40, with the current ratio over the same period at 17.20. In terms of profitability, the gross margin trailing 12 months is 37.70%. The trailing 12-month EBITDA margin is -342.95%. The firm’s gross profit as reported stood at $1.91 million against revenue of $5.51 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -0.69% to -$4.32 million, while revenue of -$5.31 million was -22.92% off the previous quarter. Analysts expected RWLK to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.07, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$4.34 million. RWLK stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 5.46 million, with total debt at $1.28 million. Shareholders hold equity totaling $59.57 million.
Let’s look briefly at ReWalk Robotics Ltd. (RWLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 38.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.54%.
The stock’s 5-day moving average is $0.6940, reflecting a +0.82% or $0.0056 change from its current price. RWLK is currently trading -13.88% above its 20-day SMA, -6.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.05% and SMA200 by-22.53%.
Stochastic %K and %D was 35.16% and 33.19% and the average true range (ATR) pointed at 0.0416. The RSI (14) points at 43.83%, while the 14-day stochastic is at 28.44% with the period’s ATR at 0.0401. The stock’s 9-day MACD Oscillator is pointing at -0.0049 and -0.0173 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ReWalk Robotics Ltd. (NASDAQ: RWLK), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for RWLK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RWLK as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is RWLK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for ReWalk Robotics Ltd. (RWLK) stock is $3.00.
