ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Acquires $10,140.00 in Stock

ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Joseph E. Turk, Jr. purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $1.69 per share, for a total transaction of $10,140.00. Following the completion of the purchase, the director now owns 18,516 shares of the company’s stock, valued at approximately $31,292.04. This represents a 47.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ReWalk Robotics Trading Down 1.2 %

Shares of ReWalk Robotics stock opened at $1.61 on Wednesday. The company has a 50-day moving average of $2.19 and a two-hundred day moving average of $3.18. ReWalk Robotics Ltd. has a 12-month low of $1.51 and a 12-month high of $9.10. The stock has a market cap of $14.18 million, a PE ratio of -0.65 and a beta of 2.04.

ReWalk Robotics (NASDAQ:LFWD) last issued its quarterly earnings data 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 analyst estimates 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 firm posted ($0.56) earnings per share. On average, sell-side analysts forecast that ReWalk Robotics Ltd. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ReWalk Robotics

An institutional investor recently bought a new position in ReWalk Robotics stock. Dimensional Fund Advisors LP purchased a new stake in ReWalk Robotics Ltd. (NASDAQ:LFWD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned approximately 0.16% of ReWalk Robotics at the end of the most recent reporting period. 26.76% of the stock is owned by institutional investors.

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.