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

Evoke plc (LON:EVOK)’s share price was down 18.7% during trading on Wednesday . The company 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).

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank cut 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 research note on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Performance

The firm has a market capitalization of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84. The company has a 50-day moving average price of GBX 69.75 and a 200-day moving average price of GBX 63.69.

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

Insiders Place Their Bets

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile