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

Evoke plc (LON:EVOK) was down 18.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded 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).

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Berenberg Bank dropped their target price on shares of 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) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 18.7 %

The firm has a market cap of £258.90 million, a P/E ratio of -1.45 and a beta of 0.84. The business has a fifty day simple moving average of GBX 69.75 and a 200-day simple moving average of GBX 63.69.

Evoke (LON:EVOK) last issued its quarterly 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%. On average, sell-side analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile