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Tuesday, October 27, 2020

The Rejuvenation of ReWalk Robotics Ltd. (NASDAQ:RWLK)

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ReWalk Robotics Ltd. (RWLK) shares are trading at lower $1.16 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $3.24 and the low is $0.41. Over the last 52 weeks, RWLK is down -60.27% while the S&P 500 is up 16.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RWLK reported a profit of $1.02 million. ReWalk Robotics Ltd. also saw revenues increase to $1.67 million. In addition, RWLK has free cash flow of -$7.55 million as of 06-2020. The company’s EBITDA came in at -$2.48 million which compares well with its peers.

RWLK Return on Equity (ROE) is -109.50%, and its Return on Assets is -54.20%. All told, it is clear that, RWLK needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RWLK has a short ratio of 0.61 and outstanding shares of 19.16M.

Company Outlook

RWLK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.16 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.55. ReWalk Robotics Ltd. RWLK also noted assets of $22.71 million at the end of the last quarter. Investors should also keep an eye on sector updates as RWLK has historically followed its peers on positive news.

All told, ReWalk Robotics Ltd. RWLK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RWLK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

ReWalk Robotics Ltd. RWLK is now commanding a market cap of 23.20M and a float of 16.83M. RWLK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RWLK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RWLK, either long or short, and we have not been compensated for this article.

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