ReWalk Robotics (NASDAQ:LFWD) Trading Down 27.3% – Should You Sell?

Shares of ReWalk Robotics Ltd. (NASDAQ:LFWD) fell 27.3% on Tuesday . The stock traded as low as $1.83 and last traded at $2.21. 3,427,577 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 2,024,839 shares. The stock had previously closed at $3.04.

Wall Street Analysts Forecast Growth

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

ReWalk Robotics Stock Performance

The company has a market cap of $17.44 million, a PE ratio of -0.80 and a beta of 2.08. The stock’s 50-day simple moving average is $1.95 and its 200 day simple moving average is $2.90.

ReWalk Robotics (NASDAQ:LFWD) last posted 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). The firm had revenue of $6.13 million for the quarter, compared to analysts’ expectations of $8.38 million. ReWalk Robotics had a negative return on equity of 43.02% and a negative net margin of 77.21%. During the same period in the prior year, the company earned ($0.56) earnings per share. On average, sell-side analysts predict that ReWalk Robotics Ltd. will post -1.78 EPS for the current fiscal year.

Insider Transactions at ReWalk Robotics

In other ReWalk Robotics news, major shareholder Global Fund Lp Lind II sold 381,676 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $3.36, for a total transaction of $1,282,431.36. Following the transaction, the insider now directly owns 1,049,430 shares in the company, valued at approximately $3,526,084.80. This represents a 26.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Swinford bought 16,907 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $1.83 per share, with a total value of $30,939.81. Following the completion of the acquisition, the director now owns 43,418 shares of the company’s stock, valued at $79,454.94. This represents a 63.77 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 61,000 shares of company stock valued at $115,279. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On ReWalk Robotics

An institutional investor recently bought a new position in ReWalk Robotics stock. Dimensional Fund Advisors LP bought a new position in shares of ReWalk Robotics Ltd. (NASDAQ:LFWD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned approximately 0.16% of ReWalk Robotics as of its most recent filing with the Securities and Exchange Commission (SEC). 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.