Evoke (LON:EVOK) Shares Down 10% – Time to Sell?

Evoke plc (LON:EVOK) shares traded down 10% during mid-day trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands during mid-day trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analysts Forecast Growth

EVOK has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank decreased their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Price Performance

The company has a market cap of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The firm has a 50 day simple moving average of GBX 69.75 and a 200-day simple moving average of GBX 63.69.

Evoke (LON:EVOK) last issued its quarterly earnings data 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%. Research analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were 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.

About Evoke