Evoke (LON:EVOK) Shares Down 10% – What’s Next?

Evoke plc (LON:EVOK)’s share price was down 10% during trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares traded hands during mid-day trading, an increase of 1,994% from the average daily volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Berenberg Bank dropped their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a 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 report on Monday, December 16th.

Evoke Price Performance

The firm’s fifty day moving average price is GBX 69.75 and its 200-day moving average price is GBX 63.69. The company has a market cap of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84.

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

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile