Evoke (LON:EVOK) Shares Down 14.7% – Here’s Why

Evoke plc (LON:EVOK)’s share price fell 14.7% during mid-day trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 60.90 ($0.79). 4,320,929 shares traded hands during trading, an increase of 117% from the average session volume of 1,992,749 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EVOK shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank reduced their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Performance

The firm has a fifty day simple moving average of GBX 69.57 and a 200 day simple moving average of GBX 63.63. The company has a market cap of £264.02 million, a PE ratio of -1.48 and a beta of 0.84.

Evoke (LON:EVOK) last released 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, equities analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

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

Evoke Company Profile