In the last trading session, 1,262,706 ReWalk Robotics Ltd. (NASDAQ:RWLK) shares changed hands as the company’s beta touched 3.6. With the company’s per share price at $2.23 changed hands at -$0.09 or -0.04% during last session, the market valuation stood at $98.94 Million. RWLK’s last price was a discount, traded about -169.06% off its 52-week high of $6. The share price had its 52-week low at $0.41, which suggests the last value was 81.61% up since then. When we look at ReWalk Robotics Ltd.’s average trading volume, we note the 10-day average is 2.65 Million shares, with the 3-month average coming to 3.75 Million.
Analysts gave the ReWalk Robotics Ltd. (RWLK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended RWLK as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. ReWalk Robotics Ltd.’s EPS for the current quarter is expected to be -$0.07.
ReWalk Robotics Ltd. (NASDAQ:RWLK) trade information
Although RWLK has turned red as seen at the end of in last trading. With action -3.88%, the performance over the past five days has been red. The jump to weekly highs of $2.94- on Tuesday, Mar 23 added 24.15% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.69%, with the 5-day performance at -0.21% in the red. However, in the 30-day time frame, ReWalk Robotics Ltd. (NASDAQ:RWLK) is -0.16% down. Looking at the short shares, we see there were 4.66 Million shares sold at short interest cover period of 1.24 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.5, meaning bulls need an upside of 56.95% from its current market value. According to analyst projections, RWLK’s forecast low is $3.5 with $3.5 as the target high. To hit the forecast high, the stock’s price needs a +56.95% upsurge from its current level, while the stock would need to tank 56.95% for it to hit the projected low.
ReWalk Robotics Ltd. (RWLK) estimates and forecasts
Data shows that the ReWalk Robotics Ltd. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +107.79% over the past 6 months, a -65.85% in annual growth rate that is considerably lower than the industry average of 22.2%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for ReWalk Robotics Ltd. will rise +81.1%, while the growth in revenue is estimated to hit 68.2% for the next quarter. Year-over-year growth is forecast to reach 28.6% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $1Million. 1 analysts are of the opinion that ReWalk Robotics Ltd.’s revenue for the quarter ending June 01, 2021 will be $1Million. The company’s revenue for the corresponding quarters a year ago was $760Million and $1.67 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.6%. The estimates for the next quarter sales put growth at -40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 56.4%. The 2021 estimates are for ReWalk Robotics Ltd. earnings to increase by 69.5%, but the outlook for the next 5-year period is at 0% per year.
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ReWalk Robotics Ltd. (NASDAQ:RWLK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.88% of ReWalk Robotics Ltd. shares while 10.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.64%. There are 13 institutions holding the ReWalk Robotics Ltd. stock share, with Armistice Capital, LLC the top institutional holder. As of Dec 30, 2020, the company held 3.03% of the shares, roughly 1.39 Million RWLK shares worth $1.84 Million.
Anson Funds Management LP holds the second largest percentage of outstanding shares, with 2.28% or 1.05 Million shares worth $1.38 Million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Jan 30, 2021 were Fidelity NASDAQ Composite Index Fund and Gabelli Equity Trust Inc (The). With 29639 shares estimated at $68.17 Thousand under it, the former controlled 0.06% of total outstanding shares. On the other hand, Gabelli Equity Trust Inc (The) held about 0.06% of the shares, roughly 27.06 Thousand shares worth around $35.72 Thousand.