Evoke (LON:EVOK) Stock Price Down 18.7% – Time to Sell?

Evoke plc (LON:EVOK)’s share price traded down 18.7% on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares were traded during trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

Several research firms recently commented on EVOK. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank dropped their target price on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Price Performance

The company has a market capitalization of £258.90 million, a PE ratio of -1.45 and a beta of 0.84. The business’s 50 day simple moving average is GBX 69.75 and its 200 day simple moving average is GBX 63.69.

Evoke (LON:EVOK) last announced its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile