10 Penny Stocks With Huge Upside Potential According To Analysts

5. Lifeward Ltd. (NASDAQ:LFWD)

Average Upside Potential as of March 20: 466.04%

Number of Hedge Fund Holders: 2

Lifeward Ltd. (NASDAQ:LFWD) develops innovative medical devices that help people with mobility challenges regain independence. Its product portfolio includes exoskeletons, rehab suits, and anti-gravity systems. On February 5, the company partnered with BARMER, Germany’s second-largest health insurer, to expand access to ReWalk Exoskeletons. With 8.5 million members, BARMER is streamlining reimbursement for eligible users, supporting Lifeward’s global reach of exoskeleton coverage.

On January 7, the company announced that it was raising about $5 million by selling 1.82 million shares at $2.75 each in a direct offering. Investors will also get short-term warrants to buy the same number of shares at the same price. H.C. Wainwright & Co. handled the deal, which was set to close on January 8, 2025. The funds will be utilized for business growth, operations, and general expenses.

Lifeward finished the fourth quarter of 2024 with $7.5 million in revenue, up 10% from last year. Sales of ReWalk exoskeletons and related products dipped slightly due to training delays, but AlterG sales increased 17%, driven by strong international demand. Gross margin took a hit, dropping to 24.4% from 35.5%, mainly due to restructuring costs. The company ended the year with $6.7 million in cash and no debt. Looking ahead, Lifeward Ltd. (NASDAQ:LFWD) expects 2025 revenue to be between $28 million and $30 million, with improved gross margins of 47%-49% and a reduced operating loss of $7 million to $9 million.

According to Insider Monkey’s fourth-quarter database, Squarepoint Ops and Renaissance Technologies held long positions in Lifeward Ltd. (NASDAQ:LFWD).