Insider Buying: ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Acquires $30,306.64 in Stock

ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Michael Swinford purchased 16,471 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $1.84 per share, with a total value of $30,306.64. Following the purchase, the director now directly owns 26,511 shares of the company’s stock, valued at approximately $48,780.24. The trade was a 164.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Swinford also recently made the following trade(s):

• On Monday, November 25th, Michael Swinford acquired 21,622 shares of ReWalk Robotics stock. The stock was purchased at an average cost of $2.03 per share, for a total transaction of $43,892.66.
• On Friday, November 22nd, Michael Swinford acquired 16,907 shares of ReWalk Robotics stock. The stock was purchased at an average price of $1.83 per share, with a total value of $30,939.81.

ReWalk Robotics Stock Performance

Shares of NASDAQ LFWD opened at $2.10 on Thursday. The company’s fifty day moving average is $2.54 and its two-hundred day moving average is $3.49. The firm has a market capitalization of $18.50 million, a P/E ratio of -0.84 and a beta of 2.07. ReWalk Robotics Ltd. has a one year low of $1.70 and a one year high of $9.10.

ReWalk Robotics (NASDAQ:LFWD) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.08). ReWalk Robotics had a negative return on equity of 43.02% and a negative net margin of 77.21%. The firm had revenue of $6.13 million for the quarter, compared to analysts’ expectations of $8.38 million. During the same period last year, the firm earned ($0.56) EPS. On average, sell-side analysts forecast that ReWalk Robotics Ltd. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $13.00 price target on shares of ReWalk Robotics in a 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 acquired a new stake in ReWalk Robotics Ltd. (NASDAQ:LFWD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing. Hedge funds and other institutional investors own 26.76% of the company’s stock.

ReWalk Robotics Company Profile

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.