Evoke (LON:EVOK) Shares Down 17.6% – Time to Sell?

Evoke plc (LON:EVOK) shares fell 17.6% during trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 58.85 ($0.76). 5,671,470 shares were traded during mid-day trading, an increase of 181% from the average session volume of 2,015,258 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EVOK shares. Berenberg Bank reduced their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The company has a fifty day moving average of GBX 69.57 and a 200 day moving average of GBX 63.63. The stock has a market cap of £261.79 million, a P/E ratio of -1.47 and a beta of 0.84.

Evoke (LON:EVOK) last posted its quarterly earnings data 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, analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile