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

Evoke plc (LON:EVOK) fell 18.7% during trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 58.05 ($0.75). 55,595,465 shares changed 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 Analysts Forecast Growth

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

Evoke Stock Performance

The firm’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 capitalization of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84.

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

Insider Transactions at Evoke

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

About Evoke