Evoke (LON:EVOK) Trading Down 20.6% – Time to Sell?

Evoke plc (LON:EVOK) fell 20.6% on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 56.70 ($0.73). 7,646,775 shares traded hands during trading, an increase of 273% from the average session volume of 2,048,180 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

EVOK has been the subject of a number of analyst reports. Berenberg Bank lowered 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 restated a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The stock has a market capitalization of £224.33 million, a PE ratio of -1.26 and a beta of 0.84. The firm has a fifty day moving average price of GBX 69.32 and a two-hundred day moving average price of GBX 63.58.

Evoke (LON:EVOK) last released its earnings results 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%. On average, research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction on 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). Insiders own 27.00% of the company’s stock.

About Evoke