Evoke (LON:EVOK) Stock Price Down 10% – Time to Sell?

Evoke plc (LON:EVOK) shares were down 10% on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares changed hands during trading, an increase of 1,994% from the average daily volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Berenberg Bank cut 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 10.0 %

The firm’s 50-day moving average price is GBX 69.32 and its 200 day moving average price is GBX 63.58. The firm has a market cap of £230.70 million, a P/E ratio of -1.29 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)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, equities analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke 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 ($13,206.11). 27.00% of the stock is owned by insiders.

Evoke Company Profile