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

Evoke plc (LON:EVOK) dropped 18.7% 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 were traded 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).

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank lowered their target price 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

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

Evoke (LON:EVOK) last announced its earnings results 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%. As a group, equities research analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity at Evoke

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

Evoke Company Profile