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

Evoke plc (LON:EVOK)’s stock price fell 18.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.72) 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

EVOK has been the subject of a number of research reports. Berenberg Bank dropped their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.80) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Performance

The company’s 50-day simple moving average is GBX 69.75 and its 200 day simple moving average is GBX 63.69. The company has a market cap of £258.90 million, a PE ratio of -1.45 and a beta of 0.84.

Evoke (LON:EVOK) last announced 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%. Analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity at Evoke

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

About Evoke