Evoke (LON:EVOK) Trading Down 14.8% – What’s Next?

Evoke plc (LON:EVOK)’s stock price dropped 14.8% during mid-day trading on Wednesday . The company traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). Approximately 2,599,548 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

A number of research firms have recently commented on EVOK. Berenberg Bank lowered 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 note on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Down 0.2 %

The stock has a market capitalization of £226.79 million, a P/E ratio of -1.27 and a beta of 0.84. The company has a 50-day moving average price of GBX 69.32 and a two-hundred day moving average price of GBX 63.58.

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

Insider Buying and Selling

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

Evoke Company Profile