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

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

Analysts Set New Price Targets

A number of brokerages have issued reports on EVOK. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th. Berenberg Bank cut their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Stock Down 1.1 %

The company has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The firm has a fifty day moving average price of GBX 68.88 and a 200 day moving average price of GBX 63.49.

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

Insider Activity

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is owned by insiders.

Evoke Company Profile