ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Michael Swinford Purchases 16,907 Shares

ReWalk Robotics Ltd. (NASDAQ:LFWD) Director Michael Swinford purchased 16,907 shares of the stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $1.83 per share, for a total transaction of $30,939.81. Following the completion of the acquisition, the director now directly owns 43,418 shares in the company, valued at approximately $79,454.94. This trade represents a 63.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 20th, Michael Swinford bought 16,471 shares of ReWalk Robotics stock. The stock was purchased at an average cost of $1.84 per share, for a total transaction of $30,306.64.

ReWalk Robotics Price Performance

Shares of NASDAQ:LFWD traded up $0.10 during mid-day trading on Tuesday, reaching $2.17. 7,947 shares of the company traded hands, compared to its average volume of 43,581. ReWalk Robotics Ltd. has a 52 week low of $1.70 and a 52 week high of $9.10. The firm has a market cap of $19.12 million, a PE ratio of -0.83 and a beta of 2.07. The company’s 50 day moving average price is $2.58 and its 200-day moving average price is $3.52.

ReWalk Robotics (NASDAQ:LFWD) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.13 million during the quarter, compared to analysts’ expectations of $8.38 million. During the same quarter in the previous year, the company posted ($0.56) EPS. On average, research analysts predict that ReWalk Robotics Ltd. will post -1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ReWalk Robotics

An institutional investor recently bought a new position in ReWalk Robotics stock. Dimensional Fund Advisors LP bought a new position in ReWalk Robotics Ltd. (NASDAQ:LFWD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned about 0.16% of ReWalk Robotics at the end of the most recent quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $13.00 target price on shares of ReWalk Robotics in a report on Wednesday, November 13th.

About ReWalk Robotics

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.