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

Evoke plc (LON:EVOK) shares traded down 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). 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).

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EVOK shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank reduced their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Evoke Stock Down 18.7 %

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

Evoke (LON:EVOK) last announced 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 net margin of 8.50% and a negative return on equity of 517.98%. Equities research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by insiders.

About Evoke