Lifeward (NASDAQ:LFWD) Trading Down 4.6% – Here’s What Happened

Lifeward Ltd. (NASDAQ:LFWD) fell 4.6% on Monday . The company traded as low as $7.55 and last traded at $7.55. 15,948 shares changed hands during trading, a decline of 10% from the average session volume of 17,779 shares. The stock had previously closed at $7.91.

Analyst Ratings Changes

LFWD has been the subject of several research analyst reports. Zacks Research lowered Lifeward from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lifeward in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lifeward presently has an average rating of “Reduce” and an average price target of $10.00.

Lifeward Trading Down 4.6%

The stock has a market capitalization of $21.22 million, a P/E ratio of -0.38 and a beta of 0.37. The company has a current ratio of 2.40, a quick ratio of 1.82 and a debt-to-equity ratio of 1.16. The stock’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $7.06.

Lifeward (NASDAQ:LFWD) last announced its quarterly earnings data on Friday, May 15th. The company reported ($6.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.18) by ($5.52). Lifeward had a negative net margin of 123.66% and a negative return on equity of 243.14%. The business had revenue of $3.92 million during the quarter, compared to analysts’ expectations of $5.78 million. Equities research analysts forecast that Lifeward Ltd. will post -4.27 EPS for the current year.

Institutional Trading of Lifeward

Several hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP increased its holdings 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 buying an additional 29,423 shares during the period. Jane Street Group LLC lifted its stake in shares of Lifeward by 77.3% in the 4th quarter. Jane Street Group LLC now owns 68,631 shares of the company’s stock valued at $40,000 after acquiring an additional 29,927 shares during the last quarter. Virtu Financial LLC boosted its holdings in Lifeward by 158.0% during 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. Finally, Citadel Advisors LLC boosted its holdings in Lifeward by 1,271.8% during the 3rd quarter. Citadel Advisors LLC now owns 214,006 shares of the company’s stock valued at $152,000 after acquiring 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.