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why did rewalk robotics stock drop

by Prof. Furman Ernser Published 3 years ago Updated 2 years ago

The decrease is mainly due to the lower number of ReWalk Personal 6.0 units sold in Germany offset with higher revenues from Myolyn and ReStore transactions. Gross margin was 51% during the second quarter of 2021, compared to 61% in the second quarter of 2020.

Will ReWalk Robotics stock go up?

Stock Price Forecast The 1 analysts offering 12-month price forecasts for Rewalk Robotics Ltd have a median target of 3.50, with a high estimate of 3.50 and a low estimate of 3.50. The median estimate represents a +212.50% increase from the last price of 1.12.

Is ReWalk a good investment?

Valuation metrics show that ReWalk Robotics Ltd may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of RWLK, demonstrate its potential to underperform the market.

Is ReWalk a meme stock?

ReWalk Robotics (NASDAQ:RWLK) is a penny stock that has experienced some large pops in its share price this year, seemingly precipitated by the Reddit stock crowd. But RWLK stock has more going for it than some other meme stocks and may offer an opportunity for long-term investors based on the company's fundamentals.Oct 4, 2021

Why did RWLK stock drop?

RWLK, +0.85% tumbled 21% to pace all Nasdaq losers, after the maker of wearable robotic exoskeletons for use by people with limb disabilities announced a stock offering to rate about $5 million.Jun 10, 2019

How much does the ReWalk cost?

ReWalk costs US$71,600 for a personal device and US$85,500 for an institutional device, with additional annual service fees. The lifespan of the device is approximately five years. ReWalk may lead to an increase in the need for health care aids.

When did ReWalk go public?

September 2014In September 2014, ReWalk went public at $12 a share — selling three million shares at a value of $136 million.Sep 25, 2021

Is RWLK a meme stock?

ReWalk Robotics (NASDAQ:RWLK) is a penny stock that has experienced some large pops in its share price this year, seemingly precipitated by the Reddit stock crowd.Oct 4, 2021

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