Evoke (LON:EVOK) Shares Down 18.7% – Here’s Why

Evoke plc (LON:EVOK)’s share price fell 18.7% during 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 were traded during mid-day 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).

Analysts Set New Price Targets

EVOK has been the subject of a number of recent research reports. Berenberg Bank reduced 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 research note 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 Price Performance

The firm’s 50-day simple moving average is GBX 69.75 and its 200 day simple moving average is GBX 63.69. The firm has a market capitalization of £258.90 million, a price-to-earnings 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)) earnings per share (EPS) for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity

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

About Evoke