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ReWalk Robotics Will “ReWalk” Back To Single Digits

  • ReWalk’s (RWLK) Veterans Affairs (VA) coverage was expected from the last two earnings calls and already partially priced in.
  • No sell-side analyst showed excitement on the coverage news. Barclay’s analyst raised the PT from $9 to $11, 25% below the current price.
  •  A negative catalyst is coming up: With only $25M in cash, and $6M per quarter cash burn, RWLK is filed and ready to do a large share dilution soon.
  • Due to a low gross profit margin, RWLK n