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

Shares of Evoke plc (LON:EVOK) fell 20.6% during 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 mid-day 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 Analyst Weigh In

EVOK has been the subject of several recent analyst reports. Berenberg Bank lowered their target price 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 restated 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 Trading Down 20.8 %

The stock has a market capitalization of £252.09 million, a P/E ratio of -1.41 and a beta of 0.84. The stock’s 50 day simple moving average is GBX 69.57 and its 200 day simple moving average is GBX 63.63.

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

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction dated 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). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile