Evoke (LON:EVOK) Shares Down 17.6% – Here’s Why

Evoke plc (LON:EVOK)’s share price traded down 17.6% on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 58.85 ($0.76). 5,671,470 shares traded hands during mid-day trading, an increase of 181% from the average session volume of 2,015,258 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

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

Evoke Stock Down 0.2 %

The stock has a market capitalization of £226.79 million, a P/E ratio of -1.27 and a beta of 0.84. The firm has a 50 day simple moving average of GBX 69.32 and a two-hundred day simple moving average of GBX 63.58.

Evoke (LON:EVOK) last released 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 return on equity of 517.98% and a negative net margin of 8.50%. On average, research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction on 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). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile