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

Evoke plc (LON:EVOK)’s share price fell 18.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares traded 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

Several brokerages have weighed in on EVOK. Berenberg Bank dropped their price target on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.80) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The stock has a market capitalization of £258.90 million, a PE ratio of -1.45 and a beta of 0.84. The company has a 50 day moving average price of GBX 69.75 and a 200-day moving average price of GBX 63.69.

Evoke (LON:EVOK) last issued its quarterly earnings data 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%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was acquired 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 company insiders.

Evoke Company Profile