#7 - ReWalk Robotics (NASDAQ:RWLK)
The last company on our list is a penny stock in the medical devices sector. ReWalk Robotics (NASDAQ:RWLK)develops robotic exoskeletons for patients who have mobility impairments. Initially, you might think this is a company that provides solutions for paraplegics and other spinal cord injuries. You’d be right. In fact, the company’s ReWalk Personal exoskeleton system is being evaluated by the U.S. Department of Veteran Affairs (VA) for use with all qualifying veterans.
But that’s not a complete description. The company also has products such as its ReStore exo-suit that is designed to help stroke patients regain control of their gait. Approximately 795,000 people suffer a stroke every year making it the leading cause of serious, long-term disability in the United States...
The company is not yet profitable, but the trend is moving in the right direction. In the last 12 months, the stock has soared nearly 250%. That suggests it could be ready for a pullback which could be an attractive setup for speculative investors.
About ReWalk Robotics
ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes robotic exoskeletons for individuals with mobility impairments or other medical conditions in the United States, Europe, the Asia-Pacific, and Africa. The company offers ReWalk Personal and ReWalk Rehabilitation for spinal cord injuries and everyday use by paraplegic individuals at home and in communities; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke in the clinical rehabilitation environment; and MyoCycle and MediTouch tutor movement biofeedback devices for use at home or in clinic.
Read More - Current Price
- $0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
Investing in penny stocks carries a significant amount of risk. Investors should not be carrying a significant position in any of the stocks listed in this presentation or any other penny stock for that matter. You may not find many of these stocks being heavily traded on Robinhood, but that could actually be a good thing.
That’s because investing in penny stocks can be rewarding. But like any investment, it requires you to do your due diligence. Many penny stocks are not profitable. In which case you need to find an underlying, long-term narrative or short-term catalyst that is likely to improve the company’s fortunes. This presentation has attempted to give you a reason to speculate on each of these stocks.
The other thing we’ve tried to do is give you business models that are easy to understand. A frequent mistake of penny stock investors is to chase a low price. But if the business doesn’t make sense to you, it can be hard to know when to close your position.
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