Evoke (LON:EVOK) Stock Price Down 16.3% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) fell 16.3% during trading on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 59.75 ($0.77). 6,331,946 shares were traded during mid-day trading, an increase of 212% from the average session volume of 2,026,266 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

EVOK has been the topic of several recent analyst reports. Berenberg Bank reduced their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The firm has a market cap of £262.69 million, a P/E ratio of -1.47 and a beta of 0.84. The stock’s 50-day moving average price is GBX 69.57 and its 200 day moving average price is GBX 63.63.

Evoke (LON:EVOK) last issued its quarterly 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, analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling 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 stock was purchased at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). Corporate insiders own 27.00% of the company’s stock.

About Evoke