Evoke (LON:EVOK) Shares Down 18.7% – Should You Sell?

Evoke plc (LON:EVOK)’s stock price fell 18.7% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares changed hands during trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

Several research firms have weighed in on EVOK. Berenberg Bank dropped their price objective on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The company’s 50-day moving average price is GBX 69.75 and its 200 day moving average price is GBX 63.69. The stock has a market capitalization of £258.90 million, a PE ratio of -1.45 and a beta of 0.84.

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

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by corporate insiders.

Evoke Company Profile