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

Evoke plc (LON:EVOK)’s share price dropped 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). Approximately 55,595,465 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank reduced 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 report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

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

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

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen acquired 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). 27.00% of the stock is owned by insiders.

About Evoke