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

Shares of Evoke plc (LON:EVOK) traded down 18.7% on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares changed hands 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).

Wall Street Analyst Weigh In

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

Evoke Stock Down 1.1 %

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

Evoke (LON:EVOK) last released 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

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

About Evoke