Evoke (LON:EVOK) Shares Down 18.9% – Here’s Why

Evoke plc (LON:EVOK) shares fell 18.9% during trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). 6,787,128 shares changed hands during mid-day trading, an increase of 234% from the average session volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

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

Evoke Stock Performance

The business has a 50 day simple moving average of GBX 69.57 and a two-hundred day simple moving average of GBX 63.63. The firm has a market capitalization of £258.23 million, a P/E ratio of -1.45 and a beta of 0.84.

Evoke (LON:EVOK) last released 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%. On average, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is owned by insiders.

About Evoke