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

Evoke plc (LON:EVOK) shares dropped 18.7% 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).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EVOK shares. 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 report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Performance

The company has a market capitalization of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84. The business’s 50 day moving average is GBX 69.75 and its 200 day moving average is GBX 63.69.

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

Insider Buying and Selling at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price 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