Evoke (LON:EVOK) Shares Down 18.3% – What’s Next?

Evoke plc (LON:EVOK)’s share price dropped 18.3% on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.30 ($0.75). Approximately 8,720,666 shares were traded during trading, an increase of 322% from the average daily volume of 2,066,078 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

EVOK has been the topic of several analyst reports. Berenberg Bank lowered their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Down 1.1 %

The stock has a market capitalization of £224.78 million, a PE ratio of -1.26 and a beta of 0.84. The firm’s fifty day moving average is GBX 68.88 and its 200-day moving average is GBX 63.49.

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 return on equity of 517.98% and a negative net margin of 8.50%. On average, analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). 27.00% of the stock is currently owned by company insiders.

About Evoke