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

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EVOK shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th. Berenberg Bank cut 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 firm has a market capitalization of £226.79 million, a P/E ratio of -1.27 and a beta of 0.84. The business’s 50-day simple moving average is GBX 69.32 and its 200 day simple moving average is GBX 63.58.

Evoke (LON:EVOK) last released its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. Sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired 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.

About Evoke