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

Evoke plc (LON:EVOK) shares dropped 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 changed hands during 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).

Analysts Set New Price Targets

EVOK has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank lowered their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Price Performance

The stock has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The stock’s 50 day simple moving average is GBX 68.88 and its two-hundred day simple moving average is GBX 63.49.

Evoke (LON:EVOK) last posted its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is owned by insiders.

Evoke Company Profile