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

Evoke plc (LON:EVOK)’s stock price dropped 10% during trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares traded hands during mid-day 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).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Berenberg Bank dropped their price objective on shares of 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 reaffirmed a “buy” rating and set a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The firm has a market cap of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The company’s 50-day moving average is GBX 69.75 and its 200-day moving average is GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

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

Evoke Company Profile