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

Evoke plc (LON:EVOK) dropped 18.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during mid-day 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

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

Evoke Price Performance

The firm has a market capitalization of £258.90 million, a PE ratio of -1.45 and a beta of 0.84. The stock has a 50-day moving average price of GBX 69.75 and a 200-day moving average price of GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings data 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%. As a group, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased 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 company insiders.

Evoke Company Profile