Evoke (LON:EVOK) Shares Down 10% – What’s Next?

Shares of Evoke plc (LON:EVOK) 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 were traded 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).

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a report on Monday, December 16th. Berenberg Bank reduced their target price on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Evoke Price Performance

The firm has a market cap of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The stock’s 50 day moving average is GBX 69.75 and its two-hundred day moving average is GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share 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 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 bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The shares were bought 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.

Evoke Company Profile