Let’s look at the key reasons that are pushing Rewalk Robotics Ltd. (LFWD) to new highs

Rewalk Robotics Ltd. (NASDAQ: LFWD) kicked off on Monday, down -6.38% from the previous trading day, before settling in for the closing price of $0.94. Over the past 52 weeks, LFWD has traded in a range of $0.56-$1.30.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -1.80%. While this was happening, its average annual earnings per share was recorded -22.58%. With a float of $47.34 million, this company’s outstanding shares have now reached $60.09 million.

Rewalk Robotics Ltd. (LFWD) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Rewalk Robotics Ltd. is 21.13%, while institutional ownership is 4.05%. The most recent insider transaction that took place on Nov 20, was worth 8,760. In this transaction 10% Owner of this company bought 12,000 shares at a rate of $0.73, taking the stock ownership to the 10,017,745 shares. Before that another transaction happened on Nov 17, when Company’s 10% Owner bought 42,917 for $0.73, making the entire transaction worth $31,329. This insider now owns 10,005,745 shares in total.

Rewalk Robotics Ltd. (LFWD) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.13 earnings per share (EPS), lower than consensus estimate (set at -$0.11) by -$0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -22.58% per share during the next fiscal year.

Rewalk Robotics Ltd. (NASDAQ: LFWD) Trading Performance Indicators

Take a look at Rewalk Robotics Ltd.’s (LFWD) current performance indicators. Last quarter, stock had a quick ratio of 2.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.77.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.37 in one year’s time.

Technical Analysis of Rewalk Robotics Ltd. (LFWD)

Compared to the last year’s volume of 0.42 million, its volume of 0.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.77%. Additionally, its Average True Range was 0.08.

During the past 100 days, Rewalk Robotics Ltd.’s (LFWD) raw stochastic average was set at 40.72%, which indicates a significant increase from 12.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.50% in the past 14 days, which was lower than the 72.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.8786, while its 200-day Moving Average is $0.7361. Nevertheless, the first resistance level for the watch stands at $0.9378 in the near term. At $0.9957, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0413. If the price goes on to break the first support level at $0.8343, it is likely to go to the next support level at $0.7887. Now, if the price goes above the second support level, the third support stands at $0.7308.

Rewalk Robotics Ltd. (NASDAQ: LFWD) Key Stats

The company with the Market Capitalisation of 52.82 million has total of 60,025K Shares Outstanding. Its annual sales at the moment are 5,511 K in contrast with the sum of -19,569 K annual income. Company’s last quarter sales were recorded 4,403 K and last quarter income was -7,531 K.