Is ReWalk Robotics Ltd. (RWLK)’s Fuel Running Low? The Stock Reaches Yearly Low Today

April 17, 2018 - By wolcottdaily

ReWalk Robotics Ltd. (NASDAQ:RWLK) Logo

The stock of ReWalk Robotics Ltd. (NASDAQ:RWLK) hit a new 52-week low and has $1.06 target or 4.00 % below today’s $1.10 share price. The 6 months bearish chart indicates high risk for the $33.01M company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $1.06 price target is reached, the company will be worth $1.32M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

It closed at $1.1 lastly. It is down 48.78% since April 17, 2017 and is downtrending. It has underperformed by 60.33% the S&P500.

ReWalk Robotics Ltd. (NASDAQ:RWLK) Ratings Coverage

Among 4 analysts covering Rewalk Robotics (NASDAQ:RWLK), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Rewalk Robotics had 4 analyst reports since October 23, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 23 by Canaccord Genuity. The firm earned “Buy” rating on Friday, November 3 by Jefferies. On Sunday, January 7 the stock rating was maintained by Piper Jaffray with “Buy”.

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company has market cap of $33.01 million. The firm offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe. It currently has negative earnings. ReWalk Robotics Ltd. markets and sells its products directly to institutions and individuals, as well as through third-party distributors.

ReWalk Robotics Ltd. (NASDAQ:RWLK) Ratings Chart

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