Evoke (LON:EVOK) Shares Down 20.6% – What’s Next?

Evoke plc (LON:EVOK)’s stock price fell 20.6% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56.70 ($0.73). 7,646,775 shares changed hands during trading, an increase of 273% from the average session volume of 2,048,180 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank dropped their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Stock Performance

The business has a fifty day moving average of GBX 69.57 and a 200-day moving average of GBX 63.63. The firm has a market capitalization of £252.09 million, a P/E ratio of -1.41 and a beta of 0.84.

Evoke (LON:EVOK) last issued its quarterly earnings results 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, equities research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

Evoke Company Profile