Evoke (LON:EVOK) Shares Down 18.7% – What’s Next?

Evoke plc (LON:EVOK)’s share price dropped 18.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during 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).

Analysts Set New Price Targets

Several analysts have recently issued reports on EVOK shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank dropped their price objective on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Stock Performance

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

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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by insiders.

About Evoke