Stock of The Day: Could Rewalk Robotics Ltd Recover After Today’s Significant Decline?

Stock of The Day: Could Rewalk Robotics Ltd Recover After Today's Significant Decline?

The stock of Rewalk Robotics Ltd (NASDAQ:RWLK) is a huge mover today! About 170,037 shares traded hands. Rewalk Robotics Ltd (NASDAQ:RWLK) has declined 71.43% since April 18, 2016 and is downtrending. It has underperformed by 75.86% the S&P500.
The move comes after 8 months negative chart setup for the $44.49 million company. It was reported on Nov, 18 by Barchart.com. We have $2.35 PT which if reached, will make NASDAQ:RWLK worth $5.34M less.

Rewalk Robotics Ltd (NASDAQ:RWLK) Ratings Coverage

Out of 3 analysts covering Rewalk Robotics (NASDAQ:RWLK), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Rewalk Robotics has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Friday, August 14, the company rating was downgraded by Zacks. The firm has “Hold” rating by Zacks given on Tuesday, September 8. Zacks upgraded Rewalk Robotics Ltd (NASDAQ:RWLK) on Tuesday, August 25 to “Sell” rating. Jefferies maintained Rewalk Robotics Ltd (NASDAQ:RWLK) rating on Monday, August 10. Jefferies has “Buy” rating and $27 price target. The firm earned “Overweight” rating on Friday, July 15 by Piper Jaffray.

According to Zacks Investment Research, “ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for individuals with spinal cord injury. The Company’s exoskeletons allow wheelchair-bound individuals with mobility impairments or other medical conditions the ability to stand and walk once again. It offers ReWalk Personal for everyday use to individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy to individuals with lower limb disabilities in the clinical rehabilitation environment. ReWalk Robotics Ltd. is headquartered in Yokneam Ilit, Israel.”

More recent Rewalk Robotics Ltd (NASDAQ:RWLK) news were published by: Finance.Yahoo.com which released: “Lawsuit for Investors in ReWalk Robotics Ltd (NASDAQ:RWLK) shares announced by …” on September 27, 2016. Also 247Wallst.com published the news titled: “ReWalk Robotics Slides on Secondary Offering” on October 27, 2016. Prnewswire.com‘s news article titled: “ReWalk Announces Launch of 522 Post-Market Study with Stanford University …” with publication date: August 02, 2016 was also an interesting one.

RWLK Company Profile

ReWalk Robotics Ltd., incorporated on June 20, 2001, is a medical device company. The Firm is engaged in designing, developing and commercializing exoskeletons that allow wheelchair-bound individuals with mobility impairments or other medical conditions the ability to stand and walk. It offers ReWalk, an exoskeleton that uses its tilt-sensor technology, and an on-board computer and motion sensors to drive motorized legs that power movement. ReWalk creates focus on people with paraplegia, a spinal cord injury resulting in complete or incomplete paralysis of the legs, who have the use of their upper bodies and arms. It offers various products, which include ReWalk Personal and ReWalk Rehabilitation.

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