Evoke (LON:EVOK) Shares Down 14.7% – What’s Next?

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EVOK shares. Berenberg Bank lowered their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The company has a 50-day simple moving average of GBX 69.57 and a 200-day simple moving average of GBX 63.63. The stock has a market cap of £264.02 million, a PE ratio of -1.48 and a beta of 0.84.

Evoke (LON:EVOK) last announced its quarterly 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 net margin of 8.50% and a negative return on equity of 517.98%. On average, equities analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s 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). Insiders own 27.00% of the company’s stock.

Evoke Company Profile