Evoke (LON:EVOK) Stock Price Down 10% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price dropped 10% during mid-day 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 were traded 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).

Wall Street Analysts Forecast Growth

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

Evoke Price Performance

The stock has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The stock has a 50 day moving average price of GBX 69.32 and a 200-day moving average price of GBX 63.58.

Evoke (LON:EVOK) last announced its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (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, research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

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

Evoke Company Profile