5 Best Robotic Stocks Under $10

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In this article, we will be taking a look at the 5 best robotic stocks under $10. To read our discussion on the robotics industry, you can go to the 10 Best Robotic Stocks Under $10.

5. ReWalk Robotics Ltd. (NASDAQ:RWLK)

Number of Hedge Fund Holders: 3

ReWalk Robotics Ltd. (NASDAQ:RWLK) is an Israeli medical technology company focused on designing, developing, and commercializing exoskeleton suits for patients recovering from a stroke.

Swayampakula Ramakanth at H.C Wainwright has given ReWalk Robotics Ltd. (NASDAQ:RWLK) stock a Buy rating with a target price of $2.50 as of August 10. The company has a strong affiliation with Veterans Affairs due to its ReWalk 6.0 device. The device is a battery-powered wearable exoskeleton that has motors at the hips and the knees. It provides the walker with the center of gravity and simulates a normal walking movement. ReWalk Robotics Ltd. (NASDAQ:RWLK) is working with the Centers for Medicare & Medicaid Services (CMS) to expand access to exoskeleton devices for people suffering from spinal cord-related injuries.

In its Q3 2022 results, the company reported that its balance sheet is solid, with means to fund both organic growth and a few high-quality investment opportunities. Additionally, ReWalk Robotics Ltd. (NASDAQ:RWLK) has a running share repurchase program that was started in Q3 2022. The company has repurchased a total of $863,000 worth of stock since the program’s launch, or roughly 1.4% of the outstanding shares. ReWalk Robotics Ltd.’s (NASDAQ:RWLK) strong expansion plans make it one of the best robotic stocks under $10.

Follow Rewalk Robotics Ltd. (NASDAQ:LFWD)

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