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

Shares of Evoke plc (LON:EVOK) were down 18.7% 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 changed 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).

Analysts Set New Price Targets

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

Evoke Stock Down 1.1 %

The stock has a market capitalization of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The firm’s 50-day simple moving average is GBX 68.88 and its 200 day simple moving average is GBX 63.49.

Evoke (LON:EVOK) last issued its 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 return on equity of 517.98% and a negative net margin of 8.50%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). Corporate insiders own 27.00% of the company’s stock.

About Evoke