Evoke (LON:EVOK) Stock Price Down 18.7% – Here’s Why

Evoke plc (LON:EVOK)’s stock price traded down 18.7% during trading on Thursday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares were traded 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

A number of equities analysts recently weighed in on the company. Berenberg Bank reduced their price target on 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 reaffirmed a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The business’s 50 day moving average price is GBX 69.75 and its 200 day moving average price is GBX 63.69. The firm has a market cap of £247.52 million, a PE ratio of -1.39 and a beta of 0.84.

Evoke (LON:EVOK) last announced its 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%. As a group, analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by corporate insiders.

Evoke Company Profile