Rewalk Robotics (RWLK) Shares Gap Up to $0.22

Rewalk Robotics Ltd (NASDAQ:RWLK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.21, but opened at $0.22. Rewalk Robotics shares last traded at $0.23, with a volume of 2767757 shares trading hands.

Several equities analysts have recently weighed in on RWLK shares. Zacks Investment Research raised Rewalk Robotics from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research note on Thursday, August 30th. Oppenheimer set a $2.00 price objective on Rewalk Robotics and gave the company a “buy” rating in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $1.85.

The stock has a market capitalization of $8.05 million, a P/E ratio of -0.24 and a beta of 0.77.

Rewalk Robotics (NASDAQ:RWLK) last released its quarterly earnings results on Thursday, November 8th. The medical device company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $1.62 million for the quarter, compared to analyst estimates of $2.12 million. Rewalk Robotics had a negative return on equity of 3,654.32% and a negative net margin of 352.11%. On average, equities analysts expect that Rewalk Robotics Ltd will post -0.67 EPS for the current fiscal year.

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About Rewalk Robotics (NASDAQ:RWLK)

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 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.

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