Lifeward Ltd. (NASDAQ:LFWD – Get Free Report)’s share price traded up 3.9% during mid-day trading on Friday . The company traded as high as $7.20 and last traded at $7.20. 4,696 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 6,474 shares. The stock had previously closed at $6.93.
Wall Street Analyst Weigh In
LFWD has been the topic of several research reports. Zacks Research lowered shares of Lifeward from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lifeward in a report on Tuesday, April 21st. Finally, HC Wainwright boosted their price objective on Lifeward to $10.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $10.00.
Read Our Latest Stock Analysis on Lifeward
Lifeward Stock Performance
Lifeward (NASDAQ:LFWD – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($6.70) EPS for the quarter, missing the consensus estimate of ($1.18) by ($5.52). Lifeward had a negative return on equity of 243.14% and a negative net margin of 123.66%.The firm had revenue of $3.92 million during the quarter, compared to the consensus estimate of $5.78 million. As a group, sell-side analysts anticipate that Lifeward Ltd. will post -4.27 EPS for the current fiscal year.
Hedge Funds Weigh In On Lifeward
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC increased its position in Lifeward by 158.0% in the 4th quarter. Virtu Financial LLC now owns 60,474 shares of the company’s stock valued at $35,000 after acquiring an additional 37,037 shares during the period. Jane Street Group LLC grew its stake in shares of Lifeward by 77.3% in the fourth quarter. Jane Street Group LLC now owns 68,631 shares of the company’s stock worth $40,000 after purchasing an additional 29,927 shares in the last quarter. HRT Financial LP grew its stake in shares of Lifeward by 149.7% in the fourth quarter. HRT Financial LP now owns 49,081 shares of the company’s stock worth $28,000 after purchasing an additional 29,423 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Lifeward by 1,271.8% during the third quarter. Citadel Advisors LLC now owns 214,006 shares of the company’s stock valued at $152,000 after purchasing an additional 198,406 shares during the period. 26.76% of the stock is owned by institutional investors.
About Lifeward
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.
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