Evoke (LON:EVOK) Stock Price Down 18.7% – Should You Sell?

Evoke plc (LON:EVOK)’s stock price fell 18.7% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.73) 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 Analysts Forecast Growth

Several research firms have commented on EVOK. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th. Berenberg Bank reduced their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research note on Wednesday, December 4th.

Evoke Stock Performance

The firm has a market cap of £258.90 million, a PE ratio of -1.45 and a beta of 0.84. The stock has a 50-day simple moving average of GBX 69.75 and a two-hundred day simple moving average of GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile