A Big Picture Update on ReWalk Robotics Ltd. (NASDAQ:RWLK)

1057

Shares of REWALK ROBOTICS LTD. (NASDAQ:RWLK) last traded at $1.45. The company’s performance year to date is -48.21%. The 200 day simple moving average is -61.84%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 21.95 suggesting a bearish price action.

As per recent filings, REWALK ROBOTICS LTD. (NASDAQ:RWLK) has an insider ownership of 51.16%.

ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for individuals with spinal cord injury. The Company’s exoskeletons allow wheelchair-bound individuals with mobility impairments or other medical conditions the ability to stand and walk once again. It offers ReWalk Personal for everyday use to individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy to individuals with lower limb disabilities in the clinical rehabilitation environment. ReWalk Robotics Ltd. is headquartered in Yokneam Ilit, Israel.

REWALK ROBOTICS LTD. (NASDAQ:RWLK) has been storming Wallstreet with solid press release. Recently, the company announced that according to the March 2017 study commissioned by RetailMeNot and conducted by Forrester Consulting, the company’s mobile marketing solutions generate a three-year, risk-adjusted return on investment (ROI) of 4.3x.

The Barchart Technical Opinion rating is a 100% Sell and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 1.65 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 2.03 is also higher than the current trading price depicting a bearish trend overall..

REWALK ROBOTICS LTD. (NASDAQ:RWLK) is all set to announce its earnings on May 19/b. As per Zack’s analyst ratings, REWALK ROBOTICS LTD. (NASDAQ:RWLK) currently has an average brokerage rating of 2. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:RWLK) is $6.375 with a high of $10 and a low of $1.5.

As such, while we believe REWALK ROBOTICS LTD. (NASDAQ:RWLK) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

ReWalk Robotics Ltd. (NASDAQ:RWLK) (“ReWalk”), leading manufacturer of exoskeleton systems, today announced the appointment of Jodi Gricci to the role of Chief Commercial Officer. Ms. Gricci previously served as Vice President, Global Marketing, Training, and Service while ReWalk established each of these functions to support customers.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.