Evoke (LON:EVOK) Trading Down 17.6% – What’s Next?

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

Analysts Set New Price Targets

EVOK has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank lowered their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Evoke Trading 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 stock’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 issued its quarterly 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%. On average, equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is owned by insiders.

Evoke Company Profile