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

Shares of Evoke plc (LON:EVOK) fell 18.7% during trading on Thursday . 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 mid-day 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).

Wall Street Analyst Weigh In

EVOK has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank lowered 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 research note on Wednesday, December 4th.

Evoke Price Performance

The firm has a market capitalization of £247.52 million, a P/E ratio of -1.39 and a beta of 0.84. The stock has a fifty day simple moving average of GBX 69.75 and a two-hundred day simple moving average of GBX 63.69.

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

Insider Transactions 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 bought at an average cost 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