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

Evoke plc (LON:EVOK)’s stock price fell 18.7% during trading 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 traded hands during mid-day 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

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

Evoke Stock Performance

The stock’s fifty day moving average is GBX 69.75 and its two-hundred day moving average is GBX 63.69. The company has a market cap of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84.

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

Insider Activity

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost 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