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

Shares of Evoke plc (LON:EVOK) traded down 18.7% during trading on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares traded hands during trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

EVOK has been the topic of several research analyst reports. Berenberg Bank dropped their price objective on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.80) price target on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Performance

The company has a fifty day moving average of GBX 69.75 and a two-hundred day moving average of GBX 63.69. The firm has a market capitalization of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84.

Evoke (LON:EVOK) last posted its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. Equities analysts forecast 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 business’s stock in a transaction dated Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). Company insiders own 27.00% of the company’s stock.

About Evoke