Evoke (LON:EVOK) Stock Price Down 18.9% – Time to Sell?

Evoke plc (LON:EVOK) shares were down 18.9% during trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). Approximately 6,787,128 shares traded hands during trading, an increase of 234% from the average daily volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

EVOK has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th. Berenberg Bank lowered their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Price Performance

The business has a 50-day simple moving average of GBX 69.32 and a two-hundred day simple moving average of GBX 63.58. The stock has a market cap of £224.33 million, a price-to-earnings ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last posted 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%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by insiders.

Evoke Company Profile