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

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

Analyst Ratings Changes

EVOK has been the topic of several research analyst reports. Berenberg Bank cut their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research report 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 report on Monday, December 16th.

Evoke Price Performance

The firm has a market cap 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 released 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%. As a group, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased 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 owned by company insiders.

Evoke Company Profile