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

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EVOK. Berenberg Bank cut their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 4.4 %

The firm has a market capitalization of £244.85 million, a P/E ratio of -1.37 and a beta of 0.84. The company has a 50 day moving average of GBX 69.75 and a 200-day moving average of GBX 63.69.

Evoke (LON:EVOK) last announced its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, sell-side analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Insiders own 27.00% of the company’s stock.

About Evoke