Evoke (LON:EVOK) Shares Down 14.7% – Should You Sell?

Evoke plc (LON:EVOK) traded down 14.7% on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 60.90 ($0.79). Approximately 4,320,929 shares changed hands during mid-day trading, an increase of 117% from the average session volume of 1,992,749 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

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 dropped their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Performance

The company has a market cap of £264.02 million, a P/E ratio of -1.48 and a beta of 0.84. The business’s 50-day moving average price is GBX 69.57 and its 200 day moving average price is GBX 63.63.

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 net margin of 8.50% and a negative return on equity of 517.98%. Equities research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost 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 corporate insiders.

Evoke Company Profile