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

Evoke plc (LON:EVOKGet Free Report) shares traded down 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands 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).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EVOK shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank decreased their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Check Out Our Latest Research Report on EVOK

Evoke Stock Down 1.1 %

The business has a fifty day moving average of GBX 68.88 and a 200 day moving average of GBX 63.49. The company has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOKGet Free Report) last released its quarterly 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%. On average, sell-side analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is currently owned by corporate insiders.

About Evoke

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