Evoke (LON:EVOK) Shares Down 10% – Here’s Why

Shares of Evoke plc (LON:EVOK) fell 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares were traded during trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVOK. Berenberg Bank reduced their price objective on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.80) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The stock has a market cap of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The firm has a 50 day moving average of GBX 69.75 and a two-hundred day moving average of GBX 63.69.

Evoke (LON:EVOK) last announced its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, sell-side analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile